Hi Guys i want to tell you why btc its gonna be fell in 58k . before that its better look the past few days
After the heavy fall of Bitcoin and the news of Fumo from China. Bitcoin responded three times to support 40k
Bitcoin responded three times to support 40k.and range for few days around 40k and 44k .finally break the resistance so well good
and begin massive riseed up until today. almost 12k .In the chart a crab pattern is formed and the end of which will be in the range of 58k . in the past if you see btc faced the 58k twice and fell almost 10k. this area is main resistance before historical price
and we don't have any Correction or pullback . also btc could. break midline
in my opinion btc can move up little bit more until head of channel .and fibonacci pattern confirmed that and crap pattern end of that area as well
I expect we have correction to main support 48k.
keep up your eyes to USDT Dominance Beacuse it is in sensitive area.close to main support
After the heavy fall of Bitcoin and the news of Fumo from China. Bitcoin responded three times to support 40k
Bitcoin responded three times to support 40k.and range for few days around 40k and 44k .finally break the resistance so well good
and begin massive riseed up until today. almost 12k .In the chart a crab pattern is formed and the end of which will be in the range of 58k . in the past if you see btc faced the 58k twice and fell almost 10k. this area is main resistance before historical price
and we don't have any Correction or pullback . also btc could. break midline
in my opinion btc can move up little bit more until head of channel .and fibonacci pattern confirmed that and crap pattern end of that area as well
I expect we have correction to main support 48k.
keep up your eyes to USDT Dominance Beacuse it is in sensitive area.close to main support
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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.