BTCUSD - price movement variants
Hello, dear friends. BTC has set a good trend. The market is very overheated right now. You can see it in all the top coins. Let's look at the options for further BTC movement.
1) The price will continue to grow strongly upwards up to 11200 somewhere, where the next big resistance zone is. I think it's unlikely. But why not? )
2) The price will go in sideways movement with further rise or fall.
3) Falling down to 9800, where the first serious support zone
4) Falling down to 9200, where the second support area
The purchase zones are 9800 and 9200. It will also be possible to buy in the area of 10080-10200, but only after a long side move. Buying now is very risky.
P.S. Sorry about the curve lines :)
1) The price will continue to grow strongly upwards up to 11200 somewhere, where the next big resistance zone is. I think it's unlikely. But why not? )
2) The price will go in sideways movement with further rise or fall.
3) Falling down to 9800, where the first serious support zone
4) Falling down to 9200, where the second support area
The purchase zones are 9800 and 9200. It will also be possible to buy in the area of 10080-10200, but only after a long side move. Buying now is very risky.
P.S. Sorry about the curve lines :)
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It is safe to say that the price will fall to 9000-9200. It is possible to break the price to 8900. Whoever wanted to buy it already did. It can be seen from the volume of purchases and sales. It's gonna look great in a 9,000-9200.
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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.