📌Technical Analysis:
✍️ Summary: In summary, Bitcoin can experience a price drop to the $27,000 level by breaking the support level of $29,500 after consuming sell orders behind the $31,500 resistance level. If the support level of $29,500 is not broken, and the resistance level of $32,400 is broken and consolidated above, the mentioned downward scenario will lose its credibility for Bitcoin's price.
✍️ Summary: In summary, Bitcoin can experience a price drop to the $27,000 level by breaking the support level of $29,500 after consuming sell orders behind the $31,500 resistance level. If the support level of $29,500 is not broken, and the resistance level of $32,400 is broken and consolidated above, the mentioned downward scenario will lose its credibility for Bitcoin's price.
Trade active
"Bitcoin has moved according to the pattern drawn in this timeframe and is currently in a good profit. It is expected that Bitcoin can touch the range of $27,000 in the first step."Trade closed: target reached
"Dear friends,
Finally, the pattern has manifested itself on the chart. As we mentioned in the analysis, there was a likelihood of the formation of the Wyckoff Theory after the liquidity ceiling, which has now materialized with a near 16% decline."
😎😎😎
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.