Looking at Bitcoin's past, we conclude that the correction will continue to the 69,500 range, and if this range is lost, the correction will reach the 65,300 and 60,300 ranges, and if it continues, it will reach the 52,000 range. If the trend reverses and the upward trend begins from the 69,500 range, it will grow to the 128,000 level.
Trade active
Today, as I had predicted earlier, the price was rejected after hitting the resistance line at $84,000 (blue line) and started moving towards lower levels. It is expected that the price will make a correction to $81,000 after hitting the gray support box and resume its downward trend.Trade closed: target reached
Bingo is heading towards the 69500 area. As previously predicted. If this area does not hold and the trend does not reverse, we will see 65000.
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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.