BTC - 6h. Buyers want to test $73,000 - be careful!
Good day! Quite good enough in the BTC market, buyers launched their counter-attack yesterday. The main signal for active growth was the unsuccessful renewal of the local low. BTC price stopped at the lower trendline of the global wedge.
The daily candle closed with a serious hint of continued growth. Over the two previous days, buyers managed to "swallow" the falling candle on March 15:
Now the main task of buyers is to keep the range of the mark of $56,500. In this case, this will be the final confirmation that sellers are not ready for a global correction in the BTCUSDT price and we will expect an update of the historical high.
The optimistic scenario is a test of the mark of $73,000. The Upper Trendline of the Global Wedge is at this mark. If buyers manage to do this, we will expect a sharp correction to $45,000.
However, to implement this optimistic scenario, we expect a test of the critical range of $59800-60600.
______________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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The daily candle closed with a serious hint of continued growth. Over the two previous days, buyers managed to "swallow" the falling candle on March 15:
Now the main task of buyers is to keep the range of the mark of $56,500. In this case, this will be the final confirmation that sellers are not ready for a global correction in the BTCUSDT price and we will expect an update of the historical high.
The optimistic scenario is a test of the mark of $73,000. The Upper Trendline of the Global Wedge is at this mark. If buyers manage to do this, we will expect a sharp correction to $45,000.
However, to implement this optimistic scenario, we expect a test of the critical range of $59800-60600.
______________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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