As long as BTC is above 23.3k, it should head to 26.2-26.8k
Main expectation is still to hit 26.2-26.8k at a minimum (possibly has high as 28k with an extension) - this is the main expectation as long as BTC is above 23.3k.
If BTC sustains below 23.3k before hitting that 26k level, then we are likely revisiting the low 20ks, or possibly sub 20k, before attempting to break upwards again, although more bearish scenarios would be very much on the table as well so I wouldn't necessarily be blindly longing in this case.
Assuming we get 26k, I'll view the subsequent pullback as a strong buying opportunity. That pullback could also be quite significant, back to low 20ks or sub 20k, but the danger of a more bearish scenario would be much less, so again I would view this as a good longing opportunity.
Until BTC breaks either 23.3k or 26k though we are in limbo. Hopefully we'll see one of those levels break this week.
If BTC sustains below 23.3k before hitting that 26k level, then we are likely revisiting the low 20ks, or possibly sub 20k, before attempting to break upwards again, although more bearish scenarios would be very much on the table as well so I wouldn't necessarily be blindly longing in this case.
Assuming we get 26k, I'll view the subsequent pullback as a strong buying opportunity. That pullback could also be quite significant, back to low 20ks or sub 20k, but the danger of a more bearish scenario would be much less, so again I would view this as a good longing opportunity.
Until BTC breaks either 23.3k or 26k though we are in limbo. Hopefully we'll see one of those levels break this week.
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.