As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000.
The 200 EMA has acted as strong support, with the price bouncing off the highlighted support zone multiple times. The recent bullish momentum suggests a breakout could be imminent.
🟢 Bullish Scenario: - A breakout above the current resistance of around $69,000 could propel BTC towards the next psychological level of $72,000 and beyond.
According to Fibonacci extension levels, BTC could reach approximately $86,700 within the next 6-8 weeks.
🔴 Bearish Scenario: - Failure to break above the resistance may lead to a retest of the $62,959.01 support level.
Stay tuned for more updates and trade wisely! 📈 Please hit the like button if you like my charts.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.