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Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.

Anticipated Timeline:

Sideways Movement:
Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around 60k) is probable.

Post-Retest Outlook:

Bullish Momentum:
A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is 80k.

What are your thoughts on BTC's current price action? Share your analysis in the comments!
breakoutBTCBTCUSDTBullish PatternsChart PatternscorecryptoTechnical Indicatorsq4-2024retestSymmetrical TriangleTrend Analysisuselections

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