After finding heavy support in the $80 region, Bitcoin has surged nearly 100% and is on path to retest the resistance cluster at ~$250, painting a potential ascending triangle.
Possible retrace to $115-$125 is in the picture in the coming days, which could provide a good entry for the retest of $250.
The current setup is bullish, with invalidation being a HTF close below $100, or below the green trendline.
*this is just my opinion, and should in no way be taken as any kind of financial advice*
Possible retrace to $115-$125 is in the picture in the coming days, which could provide a good entry for the retest of $250.
The current setup is bullish, with invalidation being a HTF close below $100, or below the green trendline.
*this is just my opinion, and should in no way be taken as any kind of financial advice*