Lingrid | BITCOIN bullish MOMENTUM: Potential Breakout
2024-10-14

BINANCE:BTCUSDT  made a false breakout below last week’s low by taking liquidity below that level. Afterward, it rebounded off a key support level and reached the upper boundary of the downward channel. The current movement shows strong bullish momentum, suggesting that an upside breakout is quite possible. If you examine the weekly chart, you'll notice that the weekly candles for the past couple of weeks have consistently closed above 62,500, highlighting the significance of this level. I anticipate that the market to break through of the channel and retest last month’s high. My goal is resistance zone around 65,900


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻