Bitcoin forms bullish pattern.
Currently, BTC/USDT is forming an ascending triangle pattern on the daily chart, with key resistance around the $67,000 level and rising support near $63,000. This structure often signals a potential bullish breakout.
Trading Strategy:
Upside Potential: If BTC breaks above the $67,000 resistance level with strong volume, it could signal the start of a new upward trend. Traders may consider entering a long position once the price surpasses $67,000, with a target of $72,000 and potentially $75,000.
Stop-Loss: Set a stop-loss just below $65,000 to manage downside risk in case of a false breakout.
The ascending triangle pattern suggests that bullish momentum is building, and the market may soon witness a breakout in the coming days.
Trading Strategy:
Upside Potential: If BTC breaks above the $67,000 resistance level with strong volume, it could signal the start of a new upward trend. Traders may consider entering a long position once the price surpasses $67,000, with a target of $72,000 and potentially $75,000.
Stop-Loss: Set a stop-loss just below $65,000 to manage downside risk in case of a false breakout.
The ascending triangle pattern suggests that bullish momentum is building, and the market may soon witness a breakout in the coming days.
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