Bitcoin is approaching a critical zone on the chart, and it is necessary to wait and see if a break of structure will occur. The trend on the lower time frame is currently bullish. However, on the larger picture, as seen on the daily time frame, it remains bearish. Notably, Bitcoin is positioned above all key moving averages (MA20, MA50, MA100) , which is a...
Bitcoin is currently approaching a significant breakout structure. If it maintains its position above this level, I project it can reach my target of $72,000. Conversely, if Bitcoin retraces, my target is $68,000, where the MA20, MA50, and MA100 are located. It appears bullish as long as it remains above the MA20 on the daily timeframe. www.tradingview.com
First BTC target would be at 75400 . This target is around ~8% away from CMP. Monday candle is very important. Last monday candles were extended ~8%. Which also indicates that Bitcoin price could push towards our Fib. level.
