BTC wild analysis ::
Bitcoin Trading above $62,000 and nearly touches $63,000 for the first time since mid-April. BTC is in the bulls’ hands; a break above $65,000 would quickly push BTC to $68,000.
Bitcoin settled above $60,000 following an impressive run last week. and we got a weekly closure above the major resistance 59,000$ - 60,000$. Now there is the beginning of the crypto king new bull cycle. .
Bitcoin trades at $62,100 at the time. A minor correction occurred till the support at $59,000 and again up. As long as Bitcoin holds onto $62,000, bulls will focus on the all-time highs near $64,000 and then the quick leq upto $68,000.
Now lets move on to the Head and shoulder pattern, so head and shoulder pattern is the bullish pattern where we see there is a head (Lowest point) shoulders (major support) Neckline (resistance) so we had the breakout from the neckline (58700 - 60000) and now we will see a great pump and I don't think we will get a correction below 58700, now we are ready for 68k , 75k and 90k levels with small corrections. (Safe trading)
Support: $60,000 - $59,000
Resistance: $64,000 - $65,000
Bitcoin Signal (Long term)
Buy 60,000 - 62,300
TP 1 :: 68,000$
TP2 :: 75,000$
TP3 :: 90,000$
IT will not hit tp's in 1 week it can take 1.5 - 2 months.
Love you all
#chuffgang
Bitcoin Trading above $62,000 and nearly touches $63,000 for the first time since mid-April. BTC is in the bulls’ hands; a break above $65,000 would quickly push BTC to $68,000.
Bitcoin settled above $60,000 following an impressive run last week. and we got a weekly closure above the major resistance 59,000$ - 60,000$. Now there is the beginning of the crypto king new bull cycle. .
Bitcoin trades at $62,100 at the time. A minor correction occurred till the support at $59,000 and again up. As long as Bitcoin holds onto $62,000, bulls will focus on the all-time highs near $64,000 and then the quick leq upto $68,000.
Now lets move on to the Head and shoulder pattern, so head and shoulder pattern is the bullish pattern where we see there is a head (Lowest point) shoulders (major support) Neckline (resistance) so we had the breakout from the neckline (58700 - 60000) and now we will see a great pump and I don't think we will get a correction below 58700, now we are ready for 68k , 75k and 90k levels with small corrections. (Safe trading)
Support: $60,000 - $59,000
Resistance: $64,000 - $65,000
Bitcoin Signal (Long term)
Buy 60,000 - 62,300
TP 1 :: 68,000$
TP2 :: 75,000$
TP3 :: 90,000$
IT will not hit tp's in 1 week it can take 1.5 - 2 months.
Love you all
#chuffgang