Very optimistic scenario
Possible Scenarios
Bullish (Optimistic):
If the price respects the ascending channel and rebounds from point 6, BTC could enter a new growth cycle, surpassing its all-time high.
Possible targets: 120,000 – 150,000 – 200,000 USDT.
Bearish (Pessimistic):
A loss of channel support (below 60,000 USDT) could lead to a significant correction, pulling the price back toward 50,000 – 40,000 USDT.
Conclusion:
The chart indicates a long-term optimistic outlook, but confirmation of the uptrend depends on maintaining channel support.
Recommended Strategy:
Monitor the reaction at channel support.
Confirmation above 100,000 USDT for a valid bullish scenario.
Risk management for potential corrections.
Bullish (Optimistic):
If the price respects the ascending channel and rebounds from point 6, BTC could enter a new growth cycle, surpassing its all-time high.
Possible targets: 120,000 – 150,000 – 200,000 USDT.
Bearish (Pessimistic):
A loss of channel support (below 60,000 USDT) could lead to a significant correction, pulling the price back toward 50,000 – 40,000 USDT.
Conclusion:
The chart indicates a long-term optimistic outlook, but confirmation of the uptrend depends on maintaining channel support.
Recommended Strategy:
Monitor the reaction at channel support.
Confirmation above 100,000 USDT for a valid bullish scenario.
Risk management for potential corrections.
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.