BTC/USD (Bullish pattern; awaiting confirmation)
BTC/USD
Bitcoin is facing minor rejection at 6600 but the price action is trading above 100MA inside the ascending pattern.
If BTC can hold this level for the next 24-48 hours, we could see a potential breakout to the upside as the bears failed
to drop the price during its consolidation. A trading strategy here is to wait for the break of resistance and open a long position.
The target is up to 8k price and stop-loss below 100MA.
Bitcoin is facing minor rejection at 6600 but the price action is trading above 100MA inside the ascending pattern.
If BTC can hold this level for the next 24-48 hours, we could see a potential breakout to the upside as the bears failed
to drop the price during its consolidation. A trading strategy here is to wait for the break of resistance and open a long position.
The target is up to 8k price and stop-loss below 100MA.
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