BTC Price prediction - How will the chart play out?
Hello fellow traders.. Hope today finds you well and strong. Today I would like to show you guys the path that I think BTC would take. Where it has support and potentally resistance after 60k. First lets have a look back in btc.. a few days ago BTC fell to 50k and cleared a gap. in other words it took a correction for a bit then we went boom. on 29th of march 2021 we saw a breakout from the descending triangle and it spiked causing a gap between 55.5k and 57.0k which it will come and correct folowing the path of either the green or red arrow above in the chart.
If you check the volume indicator it seems like the volume is increasing leading to the falling of the price of BTC. I say the targets before we break 61k are:
55.5K - so that we can clear that gap
47.0k to 53.0k - if we close below the gap after it is cleared. If it goes to this point, we may see a long candle to 56k then 63 - 65k.
61.0k - If we close above the gap after the retest.
After the gap is cleared BTC will experiance resistance then support at:
63.2K
64.2K
65.1K
65.9K
67.1K
And its targeting 68.6k before a possible correction or continuation of a bull/ bear season.
Im on short as of posting this because we are doing a retest.. check the chart for 2 circles on top..
Blessed Day🙏🏽🙏🏽
If you check the volume indicator it seems like the volume is increasing leading to the falling of the price of BTC. I say the targets before we break 61k are:
55.5K - so that we can clear that gap
47.0k to 53.0k - if we close below the gap after it is cleared. If it goes to this point, we may see a long candle to 56k then 63 - 65k.
61.0k - If we close above the gap after the retest.
After the gap is cleared BTC will experiance resistance then support at:
63.2K
64.2K
65.1K
65.9K
67.1K
And its targeting 68.6k before a possible correction or continuation of a bull/ bear season.
Im on short as of posting this because we are doing a retest.. check the chart for 2 circles on top..
Blessed Day🙏🏽🙏🏽
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