Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Bitcoin is currently having an extremely important bullish breakout above the long term weekly resistance zone at $25.000.
You can also see that the next previous support zone which is now turned resistance is sitting exactly at $32.000, so I am now just waiting for a short term pullback but then I definitely do expect more continuation towards the upside.
On the daily timeframe you can see that we are a little bit overextended towards the upside, so I am now just waiting for a retest of the previous resistance at $25.000 which is now turned strong support and from there I do expect the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Bitcoin is currently having an extremely important bullish breakout above the long term weekly resistance zone at $25.000.
You can also see that the next previous support zone which is now turned resistance is sitting exactly at $32.000, so I am now just waiting for a short term pullback but then I definitely do expect more continuation towards the upside.
On the daily timeframe you can see that we are a little bit overextended towards the upside, so I am now just waiting for a retest of the previous resistance at $25.000 which is now turned strong support and from there I do expect the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: