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Bitcoin | Price Analysis | Bullish Breakout or Fake Rally? | CRYPTO

Published: 26.04.2024
by Joseph Jeffriess

Hi, traders. Thanks for tuning in for today’s update. Today, we have broken down the current PA we are watching on BTC on its daily chart.

Pattern – HL building?
Support – 63,860, 60,675
Resistance – 66,710

Two things have presented themselves to us. Could we have a new HL forming after yesterday’s fightback? Could this then set off a new leg higher to test the top of the range?

Or two, could this be a false point of support, and will we see sellers make a new move at testing lower-range support?

Bitcoin: Thoughts and Analysis

Good trading.

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