BTCUSDT is telling something!
Here is what I see in BTC 4 hour chart. It is making a rising wedge pattern and the apex of the wedge is touching the 75k to 80k price region.
So, yes according to this technical analysis, we'll see BTC near 75k around mid-April.
Selling pressure increases as the price rising towards the apex of the rising wedge so we usually see a downward breakout. In that case, support of 49k would be strong enough but if it breaks, the next stop will be 42k for BTC. Depending on the news and Janet's Play, we may also see 32k for the last time before the Bitcoin prepares it for flight.
Muneeb
So, yes according to this technical analysis, we'll see BTC near 75k around mid-April.
Selling pressure increases as the price rising towards the apex of the rising wedge so we usually see a downward breakout. In that case, support of 49k would be strong enough but if it breaks, the next stop will be 42k for BTC. Depending on the news and Janet's Play, we may also see 32k for the last time before the Bitcoin prepares it for flight.
Muneeb
Related publications
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.