Ifiok-2sydes

What's going on with Bitcoin $btc?

BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
BTC price action is currently consolidating in a Pennant Pattern..
Whether this Pennant is bullish or Bearish remains to be seen!
Current Price: 64100

The Bitcoin Price has been consolidating btw a high of 73000 and a low of about 60000 for over 2months. Decision time is near!

$Bitcoin price action needs to remain supported above 60k to go back to all time high and attain higher future prices up to 82k. (Please find resistances on Chart)

A break below 60k will spell retest of lower supports: 57000, 54500, 52400, 50600
Comment:
60k is the price to watch!!
Comment:
THIS!! A break below 60k will spell retest of lower supports: 57000, 54500, 52400, 50600...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.