Bitcoin Likely Outcome
just now
Bitcoin has managed to hold the 29,555$ support region only returning to it once very slightly that being only to graze the 29.640$ so more or less that support was held in the short-term as of now there seems to be a remarkable strength with bitcoin remaining around the 30,022$ price range as of July 8, 21:21 UTC. Despite being bear or bull bitcoin historically tends to move to the side with the least resistance in the 17-24% after having scared of and retested it for a good few days this "scare" most likely came in the form of a divergence that put a lot of emphasis on 23,800$. This divergence lasted most of May to End of June It is of my firm belief that we will skip 27,776$-29170$ retest and continue to a slow push to 32500$-33340$ region once we pierce the 33340$ region we will quickly gather enough volume to push up to a newer yearly high in the 44.470- 37,776-35690$ From there i estimate another final test of volume depending on which of the target's we hit, if bitcoin is to go as far as 44,770$ 37,880$ is most likely as far as this decline will go. If price goes to the 37,776$ region only and does not quickly gather momentum for 40k and above we could be looking at a new yearly high or the top for the year and a stretch-or a long stagnation in that same region oscillating only 5-9% towards Mid-September.
Bitcoin has managed to hold the 29,555$ support region only returning to it once very slightly that being only to graze the 29.640$ so more or less that support was held in the short-term as of now there seems to be a remarkable strength with bitcoin remaining around the 30,022$ price range as of July 8, 21:21 UTC. Despite being bear or bull bitcoin historically tends to move to the side with the least resistance in the 17-24% after having scared of and retested it for a good few days this "scare" most likely came in the form of a divergence that put a lot of emphasis on 23,800$. This divergence lasted most of May to End of June It is of my firm belief that we will skip 27,776$-29170$ retest and continue to a slow push to 32500$-33340$ region once we pierce the 33340$ region we will quickly gather enough volume to push up to a newer yearly high in the 44.470- 37,776-35690$ From there i estimate another final test of volume depending on which of the target's we hit, if bitcoin is to go as far as 44,770$ 37,880$ is most likely as far as this decline will go. If price goes to the 37,776$ region only and does not quickly gather momentum for 40k and above we could be looking at a new yearly high or the top for the year and a stretch-or a long stagnation in that same region oscillating only 5-9% towards Mid-September.
Catatan
My deduction was more or less correct. Now that bitcoin has seemingly oscillated around my targets you can really only hope to see what price is next. I emphasized the 37778 region not only because it was a target but because it was a big barrier that i felt simply attempting to pierce it or piercing it would benefit everyone either-way, great conditions and still around this price despite Fundamentals/Entries and all kinds of Headlines. I expect 44470 but we could always skip targets and form new kinds of expectations. Best of luck
real and strategical approach at trading
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real and strategical approach at trading
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.