#BTCBelow90K BTCUSDT Bullish PATTERN and Long Potential! Post US Crypto Strategic Plan...
BTCUSDT market dipped below the December and January lows, but after taking liquidity in that area, it a bounced off creating fake breakout of the consolidation zone.
On the weekly timeframe, the price action has created a significant long-tailed bar formation, indicating potential bullish continuation in near future.
Additionally, the price has formed a triangle pattern and subsequently broke below it. Historically, after a breakout below a triangle, the price tends to dip approximately 15-20% before rebounding and reaching new highs.
$BTC
BTC
86,211.47
-8.39%
Therefore I think that the price will consolidate around the 90,000 level before moving higher toward the all-time high. My goal is resistance zone at 100,000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
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