From TradingView · · 30s
BTCUSD Weekly Bullish Structure
Bitcoin price shows strong bullish pattern near $60,000 as buyers target $126,366.
In brief
Bitcoin price shows strong bullish pattern near $60,000 as buyers target $126,366. Bitcoin price is expected to reverse upward toward $126,366 after liquidity sweep near $60,000. Originally reported by TradingView.
Weekly Bullish Structure
Bitcoin price shows a sequence of major Breaks of Structure and Market Structure Shifts on weekly charts.
Price Corrective Pullback
Price is executing a corrective pullback sweeping liquidity down toward a Point of Interest near $60,000, $65,000.
Bullish Reversal Target
Buyers are expected to defend support and trigger a powerful reversal toward $126,366.24.
The bottom line
Bitcoin price is expected to reverse upward toward $126,366 after liquidity sweep near $60,000.
