It's time to prepare for the next major BTC bull run.
We can analyze this from a couple of different perspectives
#1 From a monthly chart perspective, prices usually react strongly to trendlines. Right now, we're near a significant yellow trendline at $48k. If the price starts an uptrend as it has in the past, we could see it break through two channels and reach $105k, aligning with market expectations( just like move numbers 1 and 2 )
We can analyze this from a couple of different perspectives
#1 From a monthly chart perspective, prices usually react strongly to trendlines. Right now, we're near a significant yellow trendline at $48k. If the price starts an uptrend as it has in the past, we could see it break through two channels and reach $105k, aligning with market expectations( just like move numbers 1 and 2 )
Trade active
Entering a short position near 66200 with stop loss at the psychological level of 67500, the target is 52500 and 48500Disclaimer
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.
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.