Bitcoin is in danger zone of $49,000
Bitcoin is in danger zone, if it manages to rise above $50,000 to $53,000 it is possible that the market will find stability in the maximum prices of$ 55k. But if it is not so and breaks the current support of 49,000- $48,000 we can get more reasonable prices to make trades as the $38,000 to $45,000
Probability 1. (50% occurrence): Consolidation between $43.000 to $ 45.000 to break the resistance of $ 48k - 50k in the next months
Probability 2. (20% occurrence): break the last resistance in 4 hours of $ 53.000 and go up to $ 55k - $ 56k while maintaining the price
Probability 3. (30% occurrence): Fall sharply and quickly to $ 38.000 and if bitcoin fails to consolidate at this price, the next drop is to $ 35.000
Probability 1. (50% occurrence): Consolidation between $43.000 to $ 45.000 to break the resistance of $ 48k - 50k in the next months
Probability 2. (20% occurrence): break the last resistance in 4 hours of $ 53.000 and go up to $ 55k - $ 56k while maintaining the price
Probability 3. (30% occurrence): Fall sharply and quickly to $ 38.000 and if bitcoin fails to consolidate at this price, the next drop is to $ 35.000
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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.
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.