Channels for Bitcoin BTC price movement during 2023-2024
Updated
Throughout 2023, the BTCUSDT price moved up the channel skillfully.
And in early 2024, when BTC ETFs were finally accepted, the price of BTCUSD hit the top of the channel around $49000 and began its corrective movement.
Let's be honest, the correction of Bitcoin's price growth has been asking for a long time, now the only question is when it will end ?!
Write your options in the comments below the idea.
Now the price of BTCUSDT is at a critical point where the correction can be completed and a rebound to at least $44000-44200 can begin.
If not, the next obvious stop for Bitcoin price is around $32700.
The lower mark of the channel is around $27400
To be honest, we don't want the BTC price to fall there, because it could lose the bullishness of the crypto market's and continued growth and lead to a long sideways correction in 2024.
The ideas published on Trading View do not disappear, for example, our forecast written at the end of 2022 worked out quite well in 2023:
Write your thoughts on what the BTCUSDT price will be on January 01, 2025, and support the forecast you agree with likes.
And absolutely everyone will be able to check who was right)
And in early 2024, when BTC ETFs were finally accepted, the price of BTCUSD hit the top of the channel around $49000 and began its corrective movement.
Let's be honest, the correction of Bitcoin's price growth has been asking for a long time, now the only question is when it will end ?!
Write your options in the comments below the idea.
Now the price of BTCUSDT is at a critical point where the correction can be completed and a rebound to at least $44000-44200 can begin.
If not, the next obvious stop for Bitcoin price is around $32700.
The lower mark of the channel is around $27400
To be honest, we don't want the BTC price to fall there, because it could lose the bullishness of the crypto market's and continued growth and lead to a long sideways correction in 2024.
The ideas published on Trading View do not disappear, for example, our forecast written at the end of 2022 worked out quite well in 2023:
Write your thoughts on what the BTCUSDT price will be on January 01, 2025, and support the forecast you agree with likes.
And absolutely everyone will be able to check who was right)
Note
Yesterday, the CME BTC chart closed the first gap, which was formed on strong growth.Where to next? 44k or maybe even
54KWill the price of BTCUSDT be lowered even further to close the gap around 34k?
Note
Here is a chart of the total capitalization of the crypto market, which moves accurately according to the fractal.It can also be used to determine the trend and make a trading decision
Trade active
BTC buyers are trying their best to keep the BTCUSDT price above FWB:39KThe market will be volatile today, but it will likely be calm over the weekend.
Trade active
For buyers, the critical point is around $39,000From there, it's either the beginning of a new wave of growth or a deep dive.
We are watching...
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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