Bitcoinath
#BTCUSD ANALYSIS.. POSSIBILITIES.. Before halving, Bitcoin continues to maintain its positive outlook.. Bitcoin obviously performs better than I expected and in this context, the new target seems to be $ 10500..
In general, I find it meaningful to evaluate the possibilities with different approaches in my publications.. With a different approach in # BTCUSD, we can say that there are some formations that we may observe in the future.. If the #BTC reaches its target of $ 10500 and goes to a deep correction from that level, first, as I mentioned in the chart result of consolidation at 6400-7900usd levels, inverse head and shoulders formation (blue curves) and a cup (red curve) will occur.. Besides these, we can observe another inverse head and shoulders (red curve and yellow curves) and a bigger cup (black curve), in the future.. These intertwined formations can be a leading indicator of a very serious bull market.. Although it is quite difficult to make a clear prediction on the axis of temporality, in my opinion, the formation of the black cup can occur by the end of the year..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
BTC NEXT TARGET ZONE $15.600 / $17.250BTC is been moving inside parallel chanels, each channel is getting more narrow, RSI, STOCH and MACD are showing a formation of a Bearish divergences this never happened this year ont his time frame in all the indicators., This couldbe the last stage of this uptrend then following an ABC correction going through all the channel until reach the bottom of the last one and the horizontal level of $9700, should be good support.
