Current Market Conditions are: Neutral
The long-term, major support levels for BTC hold, but for how long?
Major Support Levels: 35-39k
If BTC breaks below 35k, we will most likely shift back into a bear market.
19k is anticipated with further breakdown as a potential bottom.
If BTC holds current support, we may see a break-out to 40+k, which may be sustained.
This makes current levels a good but scary time to invest long-term.
Watch for geopolitical concerns and economic issues dragging the world economy down.
Anticipate fresh moves for Spring 2022. 100k per coin could still be in the cards.
The long-term, major support levels for BTC hold, but for how long?
Major Support Levels: 35-39k
If BTC breaks below 35k, we will most likely shift back into a bear market.
19k is anticipated with further breakdown as a potential bottom.
If BTC holds current support, we may see a break-out to 40+k, which may be sustained.
This makes current levels a good but scary time to invest long-term.
Watch for geopolitical concerns and economic issues dragging the world economy down.
Anticipate fresh moves for Spring 2022. 100k per coin could still be in the cards.
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.
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.