Bitcoin is likely going to touch $70-75K soon, then a bullish move and a double top is possible with the price reaching a new high ($120,000)
There is an order flow imbalance at 30K. If Bitcoin loses 70K, the price can reach the major support below that which is $50K. Then a pullback to the lost 70K support is possible and after a failure $30K is waiting for bitcoin.
BTC IS NOT bearish on the long term at least not yet but you have to get your bags ready for a new ATH afterwards. 150-200K can be the next HH.
There is an order flow imbalance at 30K. If Bitcoin loses 70K, the price can reach the major support below that which is $50K. Then a pullback to the lost 70K support is possible and after a failure $30K is waiting for bitcoin.
BTC IS NOT bearish on the long term at least not yet but you have to get your bags ready for a new ATH afterwards. 150-200K can be the next HH.
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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.