BTC/USDT
After the price hit the range of 3700 in the last 45 days and its return to 9400, we are now witnessing a relative stabilization of the price in the range of 8900.
By checking the daily time frame, the most important resistance range is 10500, which in case of failure of this range, it can be said that the long-term trend has increased. But it seems that we need another wave of correction to keep up with the trend and re-grow the price
By looking at the high times and regardless of fluctuations, we can expect that the maximum price growth will be in the range of 9700 - 10500 and after reaching this range, we will enter the correction phase that we expect.
As a result, considering the above, in our opinion, the current price floor of Bitcoin is in the range of 6000 to 7000 and the long-term uptrend will start from the mentioned range.
In case of any change or failure of any of the mentioned areas, the long-term analysis will be updated and will be placed in the channel.
After the price hit the range of 3700 in the last 45 days and its return to 9400, we are now witnessing a relative stabilization of the price in the range of 8900.
By checking the daily time frame, the most important resistance range is 10500, which in case of failure of this range, it can be said that the long-term trend has increased. But it seems that we need another wave of correction to keep up with the trend and re-grow the price
By looking at the high times and regardless of fluctuations, we can expect that the maximum price growth will be in the range of 9700 - 10500 and after reaching this range, we will enter the correction phase that we expect.
As a result, considering the above, in our opinion, the current price floor of Bitcoin is in the range of 6000 to 7000 and the long-term uptrend will start from the mentioned range.
In case of any change or failure of any of the mentioned areas, the long-term analysis will be updated and will be placed in the channel.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.