BTC/USDT
According to previous analyzes, Bitcoin is approaching a range of 10,000
Looking back on the chart, the price of the currency was rebounded shortly and with very short term improvements
By examining the chart at a time over frames of 12 hours, a strong negative divergence is evident in the indicator and can be expected to be corrected based on a wave at the end of wave 5
From our point of view, this correction should start from a range of 9900 to 10100
Currently, there are good support on the chart, the closest to them in the above frames is the range of 8600 and then around the price of 7500. If the price returns from these ranges, you can expect to cross the Target 11400 and the chart The currency has been up for the medium term
If the continuation and penetration of the 6500 range does not change, the long-term trend will not change and this move will become another drop.
Thanks for your support
CryptoClub analytical team
According to previous analyzes, Bitcoin is approaching a range of 10,000
Looking back on the chart, the price of the currency was rebounded shortly and with very short term improvements
By examining the chart at a time over frames of 12 hours, a strong negative divergence is evident in the indicator and can be expected to be corrected based on a wave at the end of wave 5
From our point of view, this correction should start from a range of 9900 to 10100
Currently, there are good support on the chart, the closest to them in the above frames is the range of 8600 and then around the price of 7500. If the price returns from these ranges, you can expect to cross the Target 11400 and the chart The currency has been up for the medium term
If the continuation and penetration of the 6500 range does not change, the long-term trend will not change and this move will become another drop.
Thanks for your support
CryptoClub analytical team
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.