BTC/USD Price Forecast – Bullish Breakout in Play!
Market Overview:
Bitcoin (BTC/USD) is showing strong bullish momentum following a Parallel Channel Consolidation Breakout on the 4H chart. After several days of sideways movement, BTC has finally made a decisive move to the upside, signaling the potential for a sustained rally.
Technical Setup:
Entry Level: 84,500
Retest Zone (Buy Opportunity): 83,800 – 83,290
1st Target: 85,600
2nd Target: 86,300
Final Target: 87,280
A successful retest of the breakout zone between 83.8K and 83.29K would offer a high-probability entry. This zone is key support now, and as long as price holds above it, the bullish bias remains intact.
Why This Setup Matters:
Breakout Confirmation: BTC has broken out strong upward pressure.
Volume Surge: Increased buying volume supports the move.
Clear Trend Structure: Higher highs and higher lows aligning with bullish continuation.
Risk Management Is Key:
Trading without a plan is gambling. Stick to your stop-loss levels, manage your lot sizes, and never risk more than you can afford to lose. Discipline is what separates traders from dreamers.
Trade Smart – Trade With Confidence!
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