BTCUSDT on the verge of chaos!
Here is another price action analysis of BTCUSDT shouting out loud that Bitcoin price is currently on a verge of chaos.
This analysis shows that BTC price has made touch to the multi-month trendline. It needs to close the daily candle above $50000 in order to give a safe signal to bulls. If it closes below, we might visit $42000 as stated in the previous idea too:
This $42000 price level aligns exactly with the 0.5 fib level of the pitchfork. Let's see what happens.
- Muneeb
This analysis shows that BTC price has made touch to the multi-month trendline. It needs to close the daily candle above $50000 in order to give a safe signal to bulls. If it closes below, we might visit $42000 as stated in the previous idea too:
This $42000 price level aligns exactly with the 0.5 fib level of the pitchfork. Let's see what happens.
- Muneeb
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.