📊 Current Market Status:
Bitcoin holding above the 50% mark within its range.
📈 Chart Analysis:
Forming a consolidative structure.
RSI consistently printing lower highs since last October.
🔄 Potential Scenarios:
Bearish Scenario: Fails to reclaim the 50 daily Moving Average (MA), with support levels at $37,500, $35,500, and $31,800.
Bullish Scenario: Reclaims the 50 daily MA, with targets at $48,000 and $52,000.
📣 Conclusion:
Observe key levels for potential market direction.
Consider both bearish and bullish scenarios.
Trade wisely! 📈💡 #Bitcoin #CryptoAnalysis #MarketInsights 🌐📊
Bitcoin holding above the 50% mark within its range.
📈 Chart Analysis:
Forming a consolidative structure.
RSI consistently printing lower highs since last October.
🔄 Potential Scenarios:
Bearish Scenario: Fails to reclaim the 50 daily Moving Average (MA), with support levels at $37,500, $35,500, and $31,800.
Bullish Scenario: Reclaims the 50 daily MA, with targets at $48,000 and $52,000.
📣 Conclusion:
Observe key levels for potential market direction.
Consider both bearish and bullish scenarios.
Trade wisely! 📈💡 #Bitcoin #CryptoAnalysis #MarketInsights 🌐📊
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.