Bitcoin is currently consolidating within a 4-hour symmetrical triangle pattern.
Bullish Scenario: A breakout to the upside would require Bitcoin to clear the key supply zone between $103.8K - $105.6K. If this resistance is taken out, bullish momentum could accelerate as indicated by the green pathway.
Bearish Scenario: If Bitcoin fails to hold the current demand zone, a breakdown from the pattern is likely. In this case, the price could decline toward the $77K - $75K demand zone, which aligns with the existing CME gap in that region. The red pathway illustrates this potential price action.
This is not financial advice, but a mere scenario of what could play out based on market structure and order-blocks.
Bullish Scenario: A breakout to the upside would require Bitcoin to clear the key supply zone between $103.8K - $105.6K. If this resistance is taken out, bullish momentum could accelerate as indicated by the green pathway.
Bearish Scenario: If Bitcoin fails to hold the current demand zone, a breakdown from the pattern is likely. In this case, the price could decline toward the $77K - $75K demand zone, which aligns with the existing CME gap in that region. The red pathway illustrates this potential price action.
This is not financial advice, but a mere scenario of what could play out based on market structure and order-blocks.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.