Bitcoin has broken the average of 20 on daily chart, but not the 50, if it manages to break down again from baja 50,000 with another volume candle we can expect offers at$ 40,000 to $ 45,000 for an attempt at consolidation
Probability 1. (50% occurrence): Fall to $ 38.500 and return to $ 40.000 - $45.000 continuing with the consolidation process at these prices.
Probability 2. (25% occurrence): Quickly climb to $ 62.500 and $ 69.500, if you manage to keep the consolidation at these prices, then quickly rise to $ 75.000 and $ 85.000
Probability 3. (25% occurrence): Fall very quickly to $ 38.000, and return to $ 45.000 continuing with the consolidation process, in case you cannot consolidate at these prices, will continue to $ 29.000.
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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.