We have long entered a very interesting phase on the Bitcoin market. Although our primary expectation clearly aims for new highs, the situation is not as clear as it was just a couple of months ago. If the price manages to stay above $52,567 then there is nothing holding us back from attacking new heights above $70,000. Below that mark, however, we might face a bigger dip that would take us below $43,171. Currently, the probability of this alternative scenario is pretty high with 45%, and we should keep an eye on the developments in this market.
A Bitcoin a day keeps the bankruptcy away!
A Bitcoin a day keeps the bankruptcy away!
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๐ Free daily market insights combining macro + Elliott Wave analysis
๐ Spot trends early with momentum, sentiment & price structure
๐ Join thousands trading smarter - full free analyses at dailymarketupdate.com
๐ Spot trends early with momentum, sentiment & price structure
๐ Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.