source avatarLyra

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

There are multiple levels of resistance and no breakout has been confirmed yet. If $BTC can print Weekly closes above all of the resistance levels identified above, then $87.5k would be the next target because: - It's a measured move from the Cup & Handle - It has confluence with the 100-Week SMA If bulls can print weekly closes above that, we will look to the next Timescape Levels around $91.5k and ultimately $98k which sits above the critical 50-Week SMA. If bulls can print weekly closes above that, it will invalidate the Bear Trend and flip to the Bull.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.