In this scenario, we have considered the XABCD scenario of BTC and the pitch forking the possible bullish trend in 4H timeframe. In our last analysis which was 100% accurate to predict the recent corrections on BTC price, we already predicted the current movement.
Our analysis also benefits from in-chain data analysis using IntotheBlock.com data, therefore it's not a pure technical analysis and considers the bitcoin fundamental data as well.
The "Yellow" Bars represent the predicted price movements during the till end of October and mid November 2021.
This prediction is valid if the price can have a successful breakout from key resistance zone and strive for breaking the strategic resistance (already the existing ATH).
Wishing you all a profitable trade ahead.
Our analysis also benefits from in-chain data analysis using IntotheBlock.com data, therefore it's not a pure technical analysis and considers the bitcoin fundamental data as well.
The "Yellow" Bars represent the predicted price movements during the till end of October and mid November 2021.
This prediction is valid if the price can have a successful breakout from key resistance zone and strive for breaking the strategic resistance (already the existing ATH).
Wishing you all a profitable trade ahead.