Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern

10:54 am, Sun, 17 April 22

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
?
Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern playing out on the 1-hour timeframe
Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern playing out on the 1-hour timeframe

The Bitcoin price is currently trading in some kind of Channel Pattern in the 1-hour timeframe. This pattern offers us key support and resistance level to watch out for in the coming days.

And right now, we are seeing the Bitcoin price bouncing from this Channel support and getting ready to make a 4% rally higher towards the channel resistance.

The Bitcoin price has made moves exactly like this throughout the development of this Channel Pattern, and we believe we can take advantage of this new move about to occur.

Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern playing out on the 1-hour timeframe
Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern playing out on the 1-hour timeframe

In this Bitcoin analysis, we will be breaking down the key levels we are watching to confirm our bullish bias and trigger our buy entry into this Bitcoin move.

To trade BTC with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Deposit Bonus Campaign is now live! First-time depositors can get up to a $4,100 Bonus when you sign-up and fund your Bybit account with our Bybit link.

Claim up to $30,030 in Bonus

100x Leverage

Bullish Confirmation for This Move!

Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern
Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern and these key levels on the 1-hour timeframe

The bullish confirmation we are waiting for on the Bitcoin 1-hour timeframe is a break above the previous highs of $40,593.

A price break above this $40,593 price level will push the BTC price into new highs and indicate that the Bitcoin bulls might just be ready to make that move higher to the Channel resistance.

Until a bullish breakout like this occurs, it is best to stand aside and wait for the bullish confirmation to play out.

Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern
Bitcoin Might Make A 4% Surge Soon! Watch This Key Pattern Watch this bullish prediction on the 1-hour timeframe

Point Of Invalidation!

For this bullish prediction to remain valid, the Bitcoin price must continue to respect and trade above the Channel support.

A price break below this 1-hour support invalidates this move higher and indicates a possibility of more price weakness in the coming days.

So no matter what Bitcoin does, it needs to respect this channel support to remain bullish for this short-term trade setup to work!

The most important key level for Bitcoin right now on the 1-hour timeframe. Can the bulls hold on to it?

Claim up to $30,030 in Bonus

100x Leverage

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $30,030 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $4100 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Claim up to $7000 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: