BitcoinDiupdate BTC Present & Future, 50k EOY?
Hello fellow traders & hodlers!
Current price structure suggest re testing the higher-low soft-support of 8100. A breakdown of this area is making a re-test of the initial bullish swing of 7700-7800 inevitable.
This price area is crucial for us to if we want to maintain any bullishness in the short term, a break below this point is likely to send us to the mid-low of 6000 area and this would be bad for bitcoin.
I however see this breakdown to 6000 as unlikely as of now, as the pattern we are producing right now is suggesting a reversal when we hit near the support area of 7700$.
It's important to know that a complete trend reversal to a state of a bullish trend would be accomplished by breaking the resistance around 10.9-11k area.
If this happens, we can see bitcoin reaching a minimum of 23.5k or possibly even crazier highs in the later stages, to around 50k if we get another massive bull wave.
Current price structure suggest re testing the higher-low soft-support of 8100. A breakdown of this area is making a re-test of the initial bullish swing of 7700-7800 inevitable.
This price area is crucial for us to if we want to maintain any bullishness in the short term, a break below this point is likely to send us to the mid-low of 6000 area and this would be bad for bitcoin.
I however see this breakdown to 6000 as unlikely as of now, as the pattern we are producing right now is suggesting a reversal when we hit near the support area of 7700$.
It's important to know that a complete trend reversal to a state of a bullish trend would be accomplished by breaking the resistance around 10.9-11k area.
If this happens, we can see bitcoin reaching a minimum of 23.5k or possibly even crazier highs in the later stages, to around 50k if we get another massive bull wave.
Catatan
Fractal projectionCatatan
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.
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.