BTC has failed many times now to breach above $45K…>last chance to make a major move is NOW. Next 2-3 Days will be huge deciding moment. Here are my bullish projections:
Consolidate lower to
41K - $40K area
BLASTOFF to $47K —>
46K new resistance
If Retest Confirms…..Bullish to
52K —> $60K —> $70K —> $100K
If Retest Fails….Bearish to $28K - $20K
I will be planning on entering LONG position around $40K although we do seem to be approaching support at41K showing pushback. Perhaps further liquidation to gain buying momentum. Optimistically, we should see a pump and then 50% retracement. I’ve noticed when BTC goes up by X amount, it almost always goes back down 50% on BULLISH runs.
Best of luck traders, the world is adopting bitcoin faster than we know. It’s only a matter of time before mainstream wave pushes Bitcoin into PARABOLIC mode.
Consolidate lower to
41K - $40K areaBLASTOFF to $47K —>
46K new resistanceIf Retest Confirms…..Bullish to
52K —> $60K —> $70K —> $100KIf Retest Fails….Bearish to $28K - $20K
I will be planning on entering LONG position around $40K although we do seem to be approaching support at
41K showing pushback. Perhaps further liquidation to gain buying momentum. Optimistically, we should see a pump and then 50% retracement. I’ve noticed when BTC goes up by X amount, it almost always goes back down 50% on BULLISH runs.Best of luck traders, the world is adopting bitcoin faster than we know. It’s only a matter of time before mainstream wave pushes Bitcoin into PARABOLIC mode.
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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.