Bitcoin is trading within an ascending triangle pattern, which is typically considered a bullish structure.
It is advisable to wait for a confirmed breakout or breakdown from this pattern before considering any entries.
The chart color-codes all potential support zones, ranging from minor to major zones, based on their relative strength.
The red resistance zone remains unchanged and continues to act as a key supply area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.