BTC last defence area for bulls
Updated
BTC / USDT
Price dropped massively yesterday to hit 30k which mean more than 50% from current ATH
This drop is huge but if you compared it with previous bull runs in 2013 and 2017 you will similar ones and bull market continue
📌What Next ?...
On weekly chart we can see how 30k is very important and have alot of supports here
1- In log scale you can see we tested lower trendline of bull run channel that started from march 2020 and still intact
2- In same time we test 50W EMA (yellow line) which held the price for more than 1 year
3- Also 30k level equal 1.618 fibonacci level
📌 What That Mean ?
ABOVE 30k weekly : iam bullish and my targets : 46k - 63k - 80k +++
BELOW 30k weekly : we can see 26k- 22k -18k or even below
this update is based on weekly Analysis not daily or hourly...daily and hourly we have multiple resistances and supports in between
Don't forget to like my ideas for more good Analysis and calls
Price dropped massively yesterday to hit 30k which mean more than 50% from current ATH
This drop is huge but if you compared it with previous bull runs in 2013 and 2017 you will similar ones and bull market continue
📌What Next ?...
On weekly chart we can see how 30k is very important and have alot of supports here
1- In log scale you can see we tested lower trendline of bull run channel that started from march 2020 and still intact
2- In same time we test 50W EMA (yellow line) which held the price for more than 1 year
3- Also 30k level equal 1.618 fibonacci level
📌 What That Mean ?
ABOVE 30k weekly : iam bullish and my targets : 46k - 63k - 80k +++
BELOW 30k weekly : we can see 26k- 22k -18k or even below
this update is based on weekly Analysis not daily or hourly...daily and hourly we have multiple resistances and supports in between
Don't forget to like my ideas for more good Analysis and calls
Note
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