أنماط إيشيموكو: بيتكوين

After hitting a new all-time high following the new SEC-approved Bitcoin ETF and growing institutional interest, Bitcoin began today's session with a sharp pullback. The most popular cryptocurrency failed to stay above $60,000, putting the bull run at risk. What is the outlook for Bitcoin? 

D1 interval :

In the daily time frame, the bullish wave in A,B,C,D that started at $30,000 has been completed with a point D on the level from the Hosoda price projection. The upward movement of prices since the exit of the cloud (buy signal) has been uninterrupted until the new ATH but the bulls are losing ground. The next support can be found on the Kijun (blue line) at $57,000. If this level fails, the decline could deepen towards the local B high at $53,000.

BITCOIN , D1 interval, Source : xStation5

H4 interval :

On the H4 time frame, a head-and-shoulder reversal pattern can be spotted. The neckline at $60,000 has been broken, leading to a bearish acceleration towards $58,000. If sellers keep control, the theoretical target of the SHS pattern at $53,000 could be reached. Only a rise above $60,000 would allow the upward momentum to resume.

BITCOIN, H4 interval, Source : xStation5

Reda Aboutika, XTB France