BTCUSDT: Long-term target 73,800 USD!
Hello dear traders.
Currently, BTCUSDT continues to trade in an upward trend.
On the 4-hour chart, it can be seen that an ascending triangle pattern is forming. In the short term, I expect the price to retest the $65,500 support level with a retracement. A break below this level will result in a significant price decline, while a sustainment will result in an increase in price. It is expected that BTCUSDT will pull back after this adjustment. And if that happens, the likelihood of a breakthrough increases. According to statistics, false breakouts can cause strong volatility. A breakout above the $68,000 level we can expect a bullish scenario.
What do you think about the $73,800 target again? If we observe carefully, we can expect a cup and handle scenario.
Currently, BTCUSDT continues to trade in an upward trend.
On the 4-hour chart, it can be seen that an ascending triangle pattern is forming. In the short term, I expect the price to retest the $65,500 support level with a retracement. A break below this level will result in a significant price decline, while a sustainment will result in an increase in price. It is expected that BTCUSDT will pull back after this adjustment. And if that happens, the likelihood of a breakthrough increases. According to statistics, false breakouts can cause strong volatility. A breakout above the $68,000 level we can expect a bullish scenario.
What do you think about the $73,800 target again? If we observe carefully, we can expect a cup and handle scenario.
Trade active
Comment:
Trade active
Trade active
Join my free signals group 🚀:
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
