Bitcoin Potential Breakout

Bitcoin is potentially breaking out toward the upside from a range formed in March 2020. The next major resistance is the previous range above that was formed in early March as shown on the chart.

If this breakout fails, one might look for support levels at the lower bullish order blocks formed by previous price action marked on the chart as S1 and S2.

For the full story, check out “Bitcoin Potential Breakout; Looking For Resistance” on TradingView.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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