₿ITCOIN - BEGINNING OF AN UPTREND OR MORE DOWNSIDE TO COME 💸
Bitcoin bounced off the support zone which coincides with an ascending trendline and is now retracing towards the short-term resistance zone.
A break above the resistance will confirm bullish bias and the price will rally towards Target 1 (55,000) initially.
There is still a possibility that the price could drop back to the trendline support before gathering bullish momentum to break the resistance and rally towards our target.
Should the price break below the trendline, we could see 26000 before initiating new buy setups.
A break above the resistance will confirm bullish bias and the price will rally towards Target 1 (55,000) initially.
There is still a possibility that the price could drop back to the trendline support before gathering bullish momentum to break the resistance and rally towards our target.
Should the price break below the trendline, we could see 26000 before initiating new buy setups.
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