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BTC UPDATE! $56K IS THE NEW $40K, SOON STARTS RALLY!
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Welcome to this update on Bitcoin. BTC looks ready for a nice pump. Let's get to the chart first.
At the end of July month BTC traded below 40k and tried to break the 40k level and once it breaks it reached 53k, then took a retest again at 40k level and consolidate there for a few days. After this consolidation, BTC reached 56k first and then at a new ATH (69k).
Now BTC making a similar price action and consolidates at the 56k level. Once we break out this level then I'm expecting it to reach 74k first and then after a retest 90k-100k.
Invalidation level:- This chart becomes invalid if BTC breaks below 56k.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this update on Bitcoin. BTC looks ready for a nice pump. Let's get to the chart first.
At the end of July month BTC traded below 40k and tried to break the 40k level and once it breaks it reached 53k, then took a retest again at 40k level and consolidate there for a few days. After this consolidation, BTC reached 56k first and then at a new ATH (69k).
Now BTC making a similar price action and consolidates at the 56k level. Once we break out this level then I'm expecting it to reach 74k first and then after a retest 90k-100k.
Invalidation level:- This chart becomes invalid if BTC breaks below 56k.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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