BTC1! Futures ( BTC1! ), H4 Potential for Bullish rise
Title: BTC1! Futures ( BTC1! ), H4 Potential for Bullish rise
Type: Bullish rise
Resistance: 17595
Pivot: 16710
Support: 16090
Preferred case: Looking at the H4 chart, my overall bias for BTC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 17595, where the 61.8% Fibonacci line is.
Alternative scenario: Price could head back down to retest the pivot at 16710, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish rise
Resistance: 17595
Pivot: 16710
Support: 16090
Preferred case: Looking at the H4 chart, my overall bias for BTC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 17595, where the 61.8% Fibonacci line is.
Alternative scenario: Price could head back down to retest the pivot at 16710, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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