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Trader Journals:::2026-11-06T00:50:15

Bitcoin/BTCUSD forecasts

#Bitcoin / Bitcoin / BTCUSD. Good afternoon. Bitcoin moved quite well upward yesterday, and today bullish sentiment remains strong, so I continue to look upward as a more prioritized option for me. Technically, on the 1-hour chart the indicators still support the continuation of the rise, the pair is currently in local consolidation, after which one could consider opening a new long position, the next target - 82150-200 in the short term. However, one of the lower indicators does not support the development of bullish sentiment, but it seems to be only weakening. This stage is nearing its end, so most likely we will see a new upward impulse in the near future. On the 4-hour chart the indicators continue to support the continuation of the rise, and the Bollinger channel here is still widening, which indicates the possibility of the current impulse continuing upward, but in the medium term. However here too one of the lower indicators stopped supporting bullish sentiment, but that does not cancel the prospect of a rise.

Bitcoin/BTCUSD forecasts

Bitcoin/BTCUSD forecasts

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