Bitcoin status
HI guyz
If we take a look at the Bitcoin situation in the long-term timeline, we may see short-term bullish micro-waves. From my point of view, this will be a bull trap.
I expect Bitcoin to drop further to the 16,000-15,000 range But not so soon. So I still believe in the fall of Bitcoin.
In the short term, we can see a correction from the range of 21600 to 21400 upwards.This correction can push the price up to the 22800 range.
But if there is no correction, the price can continue to fall up to the range of 21350 and perform its correction up to the range of 20700. In this case, the price will drop to 18,000 after the correction. myself expect an upward movement from 21700 to 22800 and I will enter a heavy selling position compared to the analysis of the above figure.
If we take a look at the Bitcoin situation in the long-term timeline, we may see short-term bullish micro-waves. From my point of view, this will be a bull trap.
I expect Bitcoin to drop further to the 16,000-15,000 range But not so soon. So I still believe in the fall of Bitcoin.
In the short term, we can see a correction from the range of 21600 to 21400 upwards.This correction can push the price up to the 22800 range.
But if there is no correction, the price can continue to fall up to the range of 21350 and perform its correction up to the range of 20700. In this case, the price will drop to 18,000 after the correction. myself expect an upward movement from 21700 to 22800 and I will enter a heavy selling position compared to the analysis of the above figure.
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.