WILL BTC HIT $29.5K?
Updated
Hello traders, I hope you all are doing well. It's been a while since I was not around posting updates. My apologies for the inconvenience.
Well, the daily open has been quite dramatic where we saw BTC reaching 29.2k and then quickly dropping back to 28k. With the recent price at 28.5k, I am expecting BTC to reach 29.5k followed by a small correction. But as you can see in the cart, there's a slight resistance at 28.6k and BTC needs a candle closing above this resistance to secure the 29.5k rally.
On the other hand, if BTC remains below the resistance level then we can expect some correction from the current price.
Note: This update is based on 2 hours timeframe so it is recommended for scalping or short-term trade. In a higher timeframe, BTC is yet to reach the
31K resistance.
I hope this hourly update was helpful to you. Thank you for reading and trade safely.
Well, the daily open has been quite dramatic where we saw BTC reaching 29.2k and then quickly dropping back to 28k. With the recent price at 28.5k, I am expecting BTC to reach 29.5k followed by a small correction. But as you can see in the cart, there's a slight resistance at 28.6k and BTC needs a candle closing above this resistance to secure the 29.5k rally.
On the other hand, if BTC remains below the resistance level then we can expect some correction from the current price.
Note: This update is based on 2 hours timeframe so it is recommended for scalping or short-term trade. In a higher timeframe, BTC is yet to reach the
31K resistance.I hope this hourly update was helpful to you. Thank you for reading and trade safely.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
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.