BTC has been very bullish lately, where will it go?
I think BTC is still strong enough to penetrate the resistance area to reach a new ATH. but even so, btc has shown transactions that are overbought, RSI also shows a bearish divergence.
btc needs a bit of a correction, probably after reaching new ATH my predicted around 72K area, the DoubleTop formation could also occur if the BTC fakeout.
The correction can at least reach the 51K area and from here btc will again get bulls on the Cup & Handle + Inverse Head & Shoulder formation to open the opportunity for another new ATH to reach 100k
This is just a view, it all depends on the market. sorry for my bad english. #DYOR
I think BTC is still strong enough to penetrate the resistance area to reach a new ATH. but even so, btc has shown transactions that are overbought, RSI also shows a bearish divergence.
btc needs a bit of a correction, probably after reaching new ATH my predicted around 72K area, the DoubleTop formation could also occur if the BTC fakeout.
The correction can at least reach the 51K area and from here btc will again get bulls on the Cup & Handle + Inverse Head & Shoulder formation to open the opportunity for another new ATH to reach 100k
This is just a view, it all depends on the market. sorry for my bad english. #DYOR
Note
BTC has arrived at the area we marked, if confirmed, you can consider the short option in the 72K-73K area. Will BTC follow the scenario on the chart? Let's see
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.
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.