Bitcoin - Breakout?

 

BTCUSD Weekly Chart

BTCUSD appears to have taken out its resistance at 48,234 and looks set to move higher to its next resistance at 52,099. 

I have been following BTCUSD since Feb 2023 when it appeared to have recovered from its decline phase then subsequently moved into the advance phase. Refer to my previous postings below.

https://swingtrader188.blogspot.com/2023/06/bitcoin-support-at-25212-holding.html

https://swingtrader188.blogspot.com/2023/06/bitcoin-testing-support.html

https://swingtrader188.blogspot.com/2023/05/bitcoin-potential-advance-phase-still.html

https://swingtrader188.blogspot.com/2023/03/bitcoin-entering-advance-phase.html

https://swingtrader188.blogspot.com/2023/02/bitcoin-facing-resistance-at-25200.html

https://swingtrader188.blogspot.com/2023/02/bitcoin-pullback-to-support.html

Disclaimer: 

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.