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BULLISH STRUCTURE BREAKOUT - 100-105K NEXT
Price is starting to close bullish, slowly making its way outside the bullish rising wedge / ascending triangle pattern.
This is an indication of a healthy and proper uptrend with decent volume to hold the bull run and potentially a continuation to new ATH price levels.
If the structure holds, the should be a spike to break through $95,000 with strength.
Many short sellers will get liquidated and that's just more liquidity added to the upside.
Near the $100,000 level, you could expect a similar pattern to form. A continuation consolidation / accumulation phase that holds key psychological price levels as support; such as (but not necessarily) $97,000-$96.000.
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GOOD LUCK!
This is an indication of a healthy and proper uptrend with decent volume to hold the bull run and potentially a continuation to new ATH price levels.
If the structure holds, the should be a spike to break through $95,000 with strength.
Many short sellers will get liquidated and that's just more liquidity added to the upside.
Near the $100,000 level, you could expect a similar pattern to form. A continuation consolidation / accumulation phase that holds key psychological price levels as support; such as (but not necessarily) $97,000-$96.000.
-
GOOD LUCK!
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