Bitcoin und Ethereum Chartanalyse - Breakout?

Bitcoin Chart Analysis

Bitcoin und Ethereum Chartanalyse - Breakout? Bitcoin und Ethereum Chartanalyse - Breakout? Source: Tradingview*

Bitcoin has been in a consolidation phase for days. We are trading directly below our important resistance, which we should definitely break through in the next few hours/days if we want to continue rising.

At the moment we are at around 57,900 USD and so far we have always been sold off directly as soon as we broke through the resistance. A 4H close or daily close above this resistance would be extremely important to remain bullish.

Below us, there is still some support until around USD 56,000, which has so far kept us from going lower into the area around USD 54,000. This is where our CME GAP still lies (exchanges closed over the weekend/institutions trade via exchange).

Bitcoin Outlook

Bitcoin und Ethereum Chartanalyse - Breakout? Bitcoin und Ethereum Chartanalyse - Breakout? Source: Tradingview*

Going forward, our red resistance line is extremely important. We definitely need to break through this. At the same time, there is still a possibility of an inverse head&shoulders chart pattern. This is not yet invalid.

Above us, there is still a thick 12H resistance zone up to approx. 59,000 USD, which, however, has already been tested several times or we have already seen a sell-off several times. The more often we test such a zone, the less weighted it becomes.

The trading volume is still clearly decreasing, but with less and less Bitcoin on the Exchanges (exchanges) it should not be a too highly weighted indicator. The RSI is still in a normal range and thus does not give us any clear further signs.

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