Following on from the weekly chart ; The Daily history shows that on average the (bear) downtrend cycle price will reaches the previous cycles 89MA top before any significant pullback.
The daily targets are slightly different as , along with 2013 , the 2021 BTC 89MA has two levels - both could be seen as targets for 2023.
This would see a circa $55k upper level, or a lower of $42500.
The daily targets are slightly different as , along with 2013 , the 2021 BTC 89MA has two levels - both could be seen as targets for 2023.
This would see a circa $55k upper level, or a lower of $42500.
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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.