Bitcoin has broken the bearish rising pattern and reached the $60,000 major resistance area. The price needs to hold above $60,000 to remain bullish; otherwise, a rejection from here will send the price back to the $58,000 level.$BTC #follow for more.....
The TOTAL crypto market cap failed to hold the key support area and has now tested a lower support level. It's currently attempting to reclaim the $2 trillion mark. A breakout above this level could signal a positive shift, potentially leading to increased momentum in the market.
The price of Bitcoin is currently around $58,000. A bearish rising wedge pattern has formed on lower time frames, indicating a potential downward movement. If the pattern breaks downwards, the price is expected to drop to the $55,000-$56,000 range. It's advisable to maintain tight stop-losses on all open positions.$BTC #stay connected for more
👉 Yesterday I Shared a #BITCOIN Long Position But Two Hours Later I Closed That Long At The Entry Point Because After CPI I Expected a Strong Move But CPI Positive News Didn’t Had Much a Effect On The Market And It Means Still Bulls Didn’t Enter The Game, Let’s Talk About Current Situation
📉 Clear Corrective Structure Formed At The #BTC Chart, We Have a Rising Wedge By The Clear ABC Structure And At 1H Timeframe Strong Bearish Hammer Formed At The Chart, Also At Higher Time Frame There Is Head And Shoulder
🎯 Totally I Think Still Bearish Scenario Is More Probable And Leg Down To The 49k And 44k Is a Next Move I Expect For The #BITCOIN
CVC is currently testing the resistance area. Keep an eye out for a potential breakout. We will open a new long position after the breakout. You can consider opening a small short position at the resistance area with a tight stop loss. The possible scenarios are marked on the chart.$CVC
Bitcoin was able to defend the $55,000 level, and the price bounced from there. We are once again testing the $58,000 level, and let's see if the price is able to hold above this level. The key level to watch is the $60,000 area.$BTC #stay connected for more........
Price is currently testing the support area, and a bounce may occur from here. Consider opening a long position at the support area with a tight stop loss.