• bitcoinBitcoin (BTC) $ 97,552.00
  • bitcoinBitcoin (BTC) $ 97,552.00
  • bitcoinBitcoin (BTC) $ 97,552.00
  • bitcoinBitcoin (BTC) $ 97,552.00
  • ethereumEthereum (ETH) $ 3,407.25
  • ethereumEthereum (ETH) $ 3,407.25
  • ethereumEthereum (ETH) $ 3,407.25
  • ethereumEthereum (ETH) $ 3,407.25
  • tetherTether (USDT) $ 0.999391
  • tetherTether (USDT) $ 0.999391
  • tetherTether (USDT) $ 0.999391
  • tetherTether (USDT) $ 0.999391
  • xrpXRP (XRP) $ 2.25
  • xrpXRP (XRP) $ 2.25
  • xrpXRP (XRP) $ 2.25
  • xrpXRP (XRP) $ 2.25
  • bnbBNB (BNB) $ 667.36
  • bnbBNB (BNB) $ 667.36
  • bnbBNB (BNB) $ 667.36
  • bnbBNB (BNB) $ 667.36
  • solanaSolana (SOL) $ 187.50
  • solanaSolana (SOL) $ 187.50
  • solanaSolana (SOL) $ 187.50
  • solanaSolana (SOL) $ 187.50
  • dogecoinDogecoin (DOGE) $ 0.327511
  • dogecoinDogecoin (DOGE) $ 0.327511
  • dogecoinDogecoin (DOGE) $ 0.327511
  • dogecoinDogecoin (DOGE) $ 0.327511
  • usd-coinUSDC (USDC) $ 1.00
  • usd-coinUSDC (USDC) $ 1.00
  • usd-coinUSDC (USDC) $ 1.00
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 0.929529
  • cardanoCardano (ADA) $ 0.929529
  • cardanoCardano (ADA) $ 0.929529
  • cardanoCardano (ADA) $ 0.929529
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • tronTRON (TRX) $ 0.246743
  • tronTRON (TRX) $ 0.246743
  • tronTRON (TRX) $ 0.246743
  • tronTRON (TRX) $ 0.246743
  • avalanche-2Avalanche (AVAX) $ 39.44
  • avalanche-2Avalanche (AVAX) $ 39.44
  • avalanche-2Avalanche (AVAX) $ 39.44
  • avalanche-2Avalanche (AVAX) $ 39.44
  • chainlinkChainlink (LINK) $ 23.16
  • chainlinkChainlink (LINK) $ 23.16
  • chainlinkChainlink (LINK) $ 23.16
  • chainlinkChainlink (LINK) $ 23.16
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • the-open-networkToncoin (TON) $ 5.38
  • the-open-networkToncoin (TON) $ 5.38
  • the-open-networkToncoin (TON) $ 5.38
  • the-open-networkToncoin (TON) $ 5.38
  • suiSui (SUI) $ 4.67
  • suiSui (SUI) $ 4.67
  • suiSui (SUI) $ 4.67
  • suiSui (SUI) $ 4.67
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • stellarStellar (XLM) $ 0.366348
  • stellarStellar (XLM) $ 0.366348
  • stellarStellar (XLM) $ 0.366348
  • stellarStellar (XLM) $ 0.366348
  • polkadotPolkadot (DOT) $ 7.25
  • polkadotPolkadot (DOT) $ 7.25
  • polkadotPolkadot (DOT) $ 7.25
  • polkadotPolkadot (DOT) $ 7.25
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • wethWETH (WETH) $ 3,409.35
  • wethWETH (WETH) $ 3,409.35
  • wethWETH (WETH) $ 3,409.35
  • wethWETH (WETH) $ 3,409.35
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • leo-tokenLEO Token (LEO) $ 9.31
  • leo-tokenLEO Token (LEO) $ 9.31
  • leo-tokenLEO Token (LEO) $ 9.31
  • leo-tokenLEO Token (LEO) $ 9.31
  • uniswapUniswap (UNI) $ 13.55
  • uniswapUniswap (UNI) $ 13.55
  • uniswapUniswap (UNI) $ 13.55
  • uniswapUniswap (UNI) $ 13.55
  • pepePepe (PEPE) $ 0.000018
  • pepePepe (PEPE) $ 0.000018
  • pepePepe (PEPE) $ 0.000018
  • pepePepe (PEPE) $ 0.000018
  • litecoinLitecoin (LTC) $ 101.52
  • litecoinLitecoin (LTC) $ 101.52
  • litecoinLitecoin (LTC) $ 101.52
  • litecoinLitecoin (LTC) $ 101.52
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • nearNEAR Protocol (NEAR) $ 5.22
  • nearNEAR Protocol (NEAR) $ 5.22
  • nearNEAR Protocol (NEAR) $ 5.22
  • nearNEAR Protocol (NEAR) $ 5.22
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • bitget-tokenBitget Token (BGB) $ 4.13
  • bitget-tokenBitget Token (BGB) $ 4.13
  • bitget-tokenBitget Token (BGB) $ 4.13
  • bitget-tokenBitget Token (BGB) $ 4.13
  • aptosAptos (APT) $ 10.28
  • aptosAptos (APT) $ 10.28
  • aptosAptos (APT) $ 10.28
  • aptosAptos (APT) $ 10.28
  • usdsUSDS (USDS) $ 0.999776
  • usdsUSDS (USDS) $ 0.999776
  • usdsUSDS (USDS) $ 0.999776
  • usdsUSDS (USDS) $ 0.999776
  • internet-computerInternet Computer (ICP) $ 10.56
  • internet-computerInternet Computer (ICP) $ 10.56
  • internet-computerInternet Computer (ICP) $ 10.56
  • internet-computerInternet Computer (ICP) $ 10.56
  • aaveAave (AAVE) $ 313.52
  • aaveAave (AAVE) $ 313.52
  • aaveAave (AAVE) $ 313.52
  • aaveAave (AAVE) $ 313.52
  • crypto-com-chainCronos (CRO) $ 0.163611
  • crypto-com-chainCronos (CRO) $ 0.163611
  • crypto-com-chainCronos (CRO) $ 0.163611
  • crypto-com-chainCronos (CRO) $ 0.163611
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • mantleMantle (MNT) $ 1.19
  • mantleMantle (MNT) $ 1.19
  • mantleMantle (MNT) $ 1.19
  • mantleMantle (MNT) $ 1.19
  • render-tokenRender (RENDER) $ 7.41
  • render-tokenRender (RENDER) $ 7.41
  • render-tokenRender (RENDER) $ 7.41
  • render-tokenRender (RENDER) $ 7.41
  • vechainVeChain (VET) $ 0.047085
  • vechainVeChain (VET) $ 0.047085
  • vechainVeChain (VET) $ 0.047085
  • vechainVeChain (VET) $ 0.047085
  • mantra-daoMANTRA (OM) $ 3.90
  • mantra-daoMANTRA (OM) $ 3.90
  • mantra-daoMANTRA (OM) $ 3.90
  • mantra-daoMANTRA (OM) $ 3.90
  • moneroMonero (XMR) $ 192.75
  • moneroMonero (XMR) $ 192.75
  • moneroMonero (XMR) $ 192.75
  • moneroMonero (XMR) $ 192.75
  • bittensorBittensor (TAO) $ 477.48
  • bittensorBittensor (TAO) $ 477.48
  • bittensorBittensor (TAO) $ 477.48
  • bittensorBittensor (TAO) $ 477.48
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • daiDai (DAI) $ 0.999860
  • daiDai (DAI) $ 0.999860
  • daiDai (DAI) $ 0.999860
  • daiDai (DAI) $ 0.999860
  • ethenaEthena (ENA) $ 1.13
  • ethenaEthena (ENA) $ 1.13
  • ethenaEthena (ENA) $ 1.13
  • ethenaEthena (ENA) $ 1.13
  • arbitrumArbitrum (ARB) $ 0.782794
  • arbitrumArbitrum (ARB) $ 0.782794
  • arbitrumArbitrum (ARB) $ 0.782794
  • arbitrumArbitrum (ARB) $ 0.782794
  • kaspaKaspa (KAS) $ 0.123876
  • kaspaKaspa (KAS) $ 0.123876
  • kaspaKaspa (KAS) $ 0.123876
  • kaspaKaspa (KAS) $ 0.123876
  • filecoinFilecoin (FIL) $ 5.10
  • filecoinFilecoin (FIL) $ 5.10
  • filecoinFilecoin (FIL) $ 5.10
  • filecoinFilecoin (FIL) $ 5.10
  • fantomFantom (FTM) $ 1.04
  • fantomFantom (FTM) $ 1.04
  • fantomFantom (FTM) $ 1.04
  • fantomFantom (FTM) $ 1.04
  • algorandAlgorand (ALGO) $ 0.344635
  • algorandAlgorand (ALGO) $ 0.344635
  • algorandAlgorand (ALGO) $ 0.344635
  • algorandAlgorand (ALGO) $ 0.344635
  • okbOKB (OKB) $ 45.40
  • okbOKB (OKB) $ 45.40
  • okbOKB (OKB) $ 45.40
  • okbOKB (OKB) $ 45.40
  • cosmosCosmos Hub (ATOM) $ 6.85
  • cosmosCosmos Hub (ATOM) $ 6.85
  • cosmosCosmos Hub (ATOM) $ 6.85
  • cosmosCosmos Hub (ATOM) $ 6.85
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • blockstackStacks (STX) $ 1.73
  • blockstackStacks (STX) $ 1.73
  • blockstackStacks (STX) $ 1.73
  • blockstackStacks (STX) $ 1.73
  • ondo-financeOndo (ONDO) $ 1.77
  • ondo-financeOndo (ONDO) $ 1.77
  • ondo-financeOndo (ONDO) $ 1.77
  • ondo-financeOndo (ONDO) $ 1.77
  • optimismOptimism (OP) $ 1.86
  • optimismOptimism (OP) $ 1.86
  • optimismOptimism (OP) $ 1.86
  • optimismOptimism (OP) $ 1.86
  • bonkBonk (BONK) $ 0.000032
  • bonkBonk (BONK) $ 0.000032
  • bonkBonk (BONK) $ 0.000032
  • bonkBonk (BONK) $ 0.000032
  • immutable-xImmutable (IMX) $ 1.42
  • immutable-xImmutable (IMX) $ 1.42
  • immutable-xImmutable (IMX) $ 1.42
  • immutable-xImmutable (IMX) $ 1.42
  • celestiaCelestia (TIA) $ 5.22
  • celestiaCelestia (TIA) $ 5.22
  • celestiaCelestia (TIA) $ 5.22
  • celestiaCelestia (TIA) $ 5.22
  • movementMovement (MOVE) $ 0.987617
  • movementMovement (MOVE) $ 0.987617
  • movementMovement (MOVE) $ 0.987617
  • movementMovement (MOVE) $ 0.987617
  • theta-tokenTheta Network (THETA) $ 2.22
  • theta-tokenTheta Network (THETA) $ 2.22
  • theta-tokenTheta Network (THETA) $ 2.22
  • theta-tokenTheta Network (THETA) $ 2.22
  • injective-protocolInjective (INJ) $ 21.69
  • injective-protocolInjective (INJ) $ 21.69
  • injective-protocolInjective (INJ) $ 21.69
  • injective-protocolInjective (INJ) $ 21.69
  • dogwifcoindogwifhat (WIF) $ 2.07
  • dogwifcoindogwifhat (WIF) $ 2.07
  • dogwifcoindogwifhat (WIF) $ 2.07
  • dogwifcoindogwifhat (WIF) $ 2.07
  • the-graphThe Graph (GRT) $ 0.217310
  • the-graphThe Graph (GRT) $ 0.217310
  • the-graphThe Graph (GRT) $ 0.217310
  • the-graphThe Graph (GRT) $ 0.217310
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • sei-networkSei (SEI) $ 0.442659
  • sei-networkSei (SEI) $ 0.442659
  • sei-networkSei (SEI) $ 0.442659
  • sei-networkSei (SEI) $ 0.442659
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • thorchainTHORChain (RUNE) $ 5.24
  • thorchainTHORChain (RUNE) $ 5.24
  • thorchainTHORChain (RUNE) $ 5.24
  • thorchainTHORChain (RUNE) $ 5.24
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • flokiFLOKI (FLOKI) $ 0.000174
  • flokiFLOKI (FLOKI) $ 0.000174
  • flokiFLOKI (FLOKI) $ 0.000174
  • flokiFLOKI (FLOKI) $ 0.000174
  • gatechain-tokenGate (GT) $ 13.12
  • gatechain-tokenGate (GT) $ 13.12
  • gatechain-tokenGate (GT) $ 13.12
  • gatechain-tokenGate (GT) $ 13.12
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • lido-daoLido DAO (LDO) $ 1.75
  • lido-daoLido DAO (LDO) $ 1.75
  • lido-daoLido DAO (LDO) $ 1.75
  • lido-daoLido DAO (LDO) $ 1.75
  • galaGALA (GALA) $ 0.036924
  • galaGALA (GALA) $ 0.036924
  • galaGALA (GALA) $ 0.036924
  • galaGALA (GALA) $ 0.036924
  • flare-networksFlare (FLR) $ 0.027571
  • flare-networksFlare (FLR) $ 0.027571
  • flare-networksFlare (FLR) $ 0.027571
  • flare-networksFlare (FLR) $ 0.027571
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • makerMaker (MKR) $ 1,671.17
  • makerMaker (MKR) $ 1,671.17
  • makerMaker (MKR) $ 1,671.17
  • makerMaker (MKR) $ 1,671.17
  • beam-2Beam (BEAM) $ 0.027940
  • beam-2Beam (BEAM) $ 0.027940
  • beam-2Beam (BEAM) $ 0.027940
  • beam-2Beam (BEAM) $ 0.027940
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • fasttokenFasttoken (FTN) $ 3.32
  • fasttokenFasttoken (FTN) $ 3.32
  • fasttokenFasttoken (FTN) $ 3.32
  • fasttokenFasttoken (FTN) $ 3.32
  • usual-usdUsual USD (USD0) $ 1.00
  • usual-usdUsual USD (USD0) $ 1.00
  • usual-usdUsual USD (USD0) $ 1.00
  • usual-usdUsual USD (USD0) $ 1.00
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • nexoNEXO (NEXO) $ 1.36
  • nexoNEXO (NEXO) $ 1.36
  • nexoNEXO (NEXO) $ 1.36
  • nexoNEXO (NEXO) $ 1.36
  • tezosTezos (XTZ) $ 1.33
  • tezosTezos (XTZ) $ 1.33
  • tezosTezos (XTZ) $ 1.33
  • tezosTezos (XTZ) $ 1.33
  • kaiaKaia (KAIA) $ 0.229240
  • kaiaKaia (KAIA) $ 0.229240
  • kaiaKaia (KAIA) $ 0.229240
  • kaiaKaia (KAIA) $ 0.229240
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • based-brettBrett (BRETT) $ 0.133141
  • based-brettBrett (BRETT) $ 0.133141
  • based-brettBrett (BRETT) $ 0.133141
  • based-brettBrett (BRETT) $ 0.133141
  • raydiumRaydium (RAY) $ 4.48
  • raydiumRaydium (RAY) $ 4.48
  • raydiumRaydium (RAY) $ 4.48
  • raydiumRaydium (RAY) $ 4.48
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • eosEOS (EOS) $ 0.833377
  • eosEOS (EOS) $ 0.833377
  • eosEOS (EOS) $ 0.833377
  • eosEOS (EOS) $ 0.833377

Technical outlook: Bitcoin’s journey towards $40k resistance level

0 197

BTC/USD trading strategy

  • Buy/sell asset: Buy BTC/USD
  • Entry price: $3,7185
  • Stop loss: $3,6272
  • Leverage: 1x
  • Take profit 1: $3,8000
  • Take profit 2: $3,9000
  • Take profit 3: $4,0000
  • Timeframe: 1-3 weeks
  • Maximum profit: 7.5%
  • Maximum loss: 2.4%

BTC/USD chart and technical analysis

Technical outlook: Bitcoin’s journey towards $40k resistance level

Bitcoin has made a remarkable recovery in the last couple of months. It rose from $25k to $38k in less than two months. The price will possibly continue its rally in the coming days and weeks until it reaches the $40k major resistance level.

I am waiting for the price to close above the $3,7185 minor resistance level and once the price closes above this level I will enter for a long trade. My target for this trade would be the $40k major daily resistance level.

On smaller time-frames i.e. 15 minutes the price is making an inverted head and shoulder pattern which is an indication of the continuation of the bullish trend.

Bitcoin fundamental analysis

Fundamentally, the investor’s confidence is high and the price will potentially continue its rally.

Moreover, the price is likely to follow the technical strategies as there will be fewer high-impact news in the coming week that could impact Bitcoin’s price significantly.

Bitcoin to US dollar trade idea takeaways

  • Bitcoin is likely to continue its rally according to the technical analysis.
  • The price will possibly reach the $40k resistance level in the coming days.
  • Multiple take-profit levels have been added to secure profit along the way.
  • The risk-to-reward ratio on this trade is 1:3.
  • The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.
  • Good luck!

The post Technical outlook: Bitcoin’s journey towards $40k resistance level appeared first on Invezz

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