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🚨 Trendline Break or Fakeout? Bitcoin at Critical Level” 82K Zone: 🚨
If you look at Bitcoin on the 8-hour time frame, you’ll notice that BTC is trying to break the trendline but hasn’t succeeded yet.
Even if Bitcoin manages to break the trendline, in my opinion you may still see a wick-type candle, since BTC has already moved up significantly. At the moment, there’s no major news in the market either.
Whether you check the 1-hour, 2-hour, 4-hour, or 8-hour time frames, you’ll see a similar pattern. I also mentioned this in my last post that when BTC was attempting to break its resistance, I said that even if it breaks, the 82K area could still prove to be very difficult for Bitcoin.
So, as you can see in the image below, if BTC gets rejected from this trendline, you might see a pattern similar to the one I’ve drawn.
My goal is always to guide you properly. For now, I’ll just say this as anyone who needs guidance can reach out to me.