Bitcoin(BTC) Price Forecast on Daily Level
Current Position:
BTC is at Support. BTC tried to break the downtrend on daily level but got rejected.We also have a CME gap
Conclusion:
If no bad news emerges in the market then we expect BTC to try break the downtrend again but a good volume would be required.The RSI is indicating a cross over which would prove fruitful.
I would open a long position and take profits at 43500.
BTC is at Support. BTC tried to break the downtrend on daily level but got rejected.We also have a CME gap
Conclusion:
If no bad news emerges in the market then we expect BTC to try break the downtrend again but a good volume would be required.The RSI is indicating a cross over which would prove fruitful.
I would open a long position and take profits at 43500.
Note
By The Grace of Almighty AllahMy predicton has worked out and we closed the target at 43500 with good profits
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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.