☑️BTCUSD: correction to 45745$
➡️ After many weeks of sideways movement, the BTC rate against the dollar broke out of a narrow trading range. The price closed above the key area of 45745$, where there was resistance on all high timeframes.
Despite the rather complex fundamental factors affecting the market, from the point of view of technical analysis, the situation looks quite simple. In essence, the market is bullish unless this macro breakout fails.
A failed breakout can be identified when the price closes below the breakout point around 45745.30$.
The main scenario for today assumes an exit from the balance, which began to form at the beginning of this week. The break target will be a correction down to the 45745$ support. In view of the upward impulse, it is assumed that the price will hold above this level and be able to continue the upward movement.
🔥Bitcoin Forecast Results🔥
⭐️BTCUSD: forecast for Mar 21-Mar 27 👉 +3042 points✅:
⭐️BTCUSD: forecast for Mar 28-Apr 3 👉 +1293 points✅:
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Despite the rather complex fundamental factors affecting the market, from the point of view of technical analysis, the situation looks quite simple. In essence, the market is bullish unless this macro breakout fails.
A failed breakout can be identified when the price closes below the breakout point around 45745.30$.
The main scenario for today assumes an exit from the balance, which began to form at the beginning of this week. The break target will be a correction down to the 45745$ support. In view of the upward impulse, it is assumed that the price will hold above this level and be able to continue the upward movement.
🔥Bitcoin Forecast Results🔥
⭐️BTCUSD: forecast for Mar 21-Mar 27 👉 +3042 points✅:
⭐️BTCUSD: forecast for Mar 28-Apr 3 👉 +1293 points✅:
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.