BTC - BITCOIN to 29.000$ ?
For BITCOIN there are currently 2 possible scenarios.
(V1) The first and the most likely to happen, BITCOIN will have another sudden drop, after which it will make a side channel, above the support from $ 29,400. In this scenario, I'm afraid that BTC can reach 16k and we have to take into account the V3 scenario.
(V2) The second scenario, in my opinion, is less likely to make a side channel above the $ 39,100 support and then normally it should break up, the descending channel in which it is over. 2 months.
(V1) The first and the most likely to happen, BITCOIN will have another sudden drop, after which it will make a side channel, above the support from $ 29,400. In this scenario, I'm afraid that BTC can reach 16k and we have to take into account the V3 scenario.
(V2) The second scenario, in my opinion, is less likely to make a side channel above the $ 39,100 support and then normally it should break up, the descending channel in which it is over. 2 months.
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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.