The fact that the Bitcoin price has been firmly in the $26500-29000 range for several weeks now may suggest that the emerging growth trend will be strong.
But still, before growth can continue, there must be a correction, even if it is purely symbolic.
Here is the blue fractal of the BTCUSDT price movement, which is the psychology of market participants' behavior that has already taken place in the history of crypto trading.
This fractal suggests that a correction to at least $24-25k would be a "goodwill gesture" for shorts before continuing rapid growth.
By the way, this range is also the first price drop target, according to the possible scenario of the BTCUSD price movement that we presented last week.
So, in the region of $24-25k, you need to be as careful as possible and make a strategic decision for yourself: Where to next?)
There are also a lot of altcoins that are just starting to "wake up" on the price chart. By the way, write in the comments which altcoin you think will surprise everyone with its growth this year?
It looks like the summer will be hot on the crypto market 🔥.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
But still, before growth can continue, there must be a correction, even if it is purely symbolic.
Here is the blue fractal of the BTCUSDT price movement, which is the psychology of market participants' behavior that has already taken place in the history of crypto trading.
This fractal suggests that a correction to at least $24-25k would be a "goodwill gesture" for shorts before continuing rapid growth.
By the way, this range is also the first price drop target, according to the possible scenario of the BTCUSD price movement that we presented last week.
So, in the region of $24-25k, you need to be as careful as possible and make a strategic decision for yourself: Where to next?)
There are also a lot of altcoins that are just starting to "wake up" on the price chart. By the way, write in the comments which altcoin you think will surprise everyone with its growth this year?
It looks like the summer will be hot on the crypto market 🔥.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Note
According to this fractal, a correction BTCUSDT price to $22500-23000 is possible, followed by the long-awaited process of capitalization flowing into altcoins.
Note
According to this fractal, the process of filling the crypto market with capital and its flow into altcoins may take some time.And then the long-awaited alt-season will come
Note
We recommend taking a closer look at LitecoinAs we described in the idea, LTC hardfork occurs every 4 years, but faster than in BTC
Accordingly, the upward trend in the LTCUSDT price starts earlier.
More details in the idea
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.