Here I have 3 conditions for further development:
1. Until we see a close above 31777 on a monthly basis, there is a strong possibility that BTC will remain in the downtrend.
2. If condition #1 is confirmed, the next target is 16530 and from this level the blue or red option applies
3. If 16530 fails, I see three lower price levels as potential targets:
10778
9133
8628
1. Until we see a close above 31777 on a monthly basis, there is a strong possibility that BTC will remain in the downtrend.
2. If condition #1 is confirmed, the next target is 16530 and from this level the blue or red option applies
3. If 16530 fails, I see three lower price levels as potential targets:
10778
9133
8628
Note
BIG PICNote
Note
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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.