BTC is at ATH levels already without taking a breath on the way up. I believe we will see some heavy sell pressure at these levels which will push the price down for now. Here's some of my reasoning:
- BTC has seen a sharp rise since the beginning of this year with no time for it to breathe.
- Cyclically, ATH breakout occurs November of this year which is still 8 months away.
- Volume is low
- Orderbook has lots of sell orders at 70k.
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Looking good for October-November breakout
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A significant support level has been reached. This is a great spot to go long Nota
Sharp recovery from supportNota
I believe BTC has seen it's last leg of downwards consolidation and we will only see upwards movement from now on into the next parabolic run. Dagangan aktif
Breakout. Next resistance 105-110kNota
BTC could potentially see a sell off here as price approaches 110k. This is a key level as it represents the top of the fib extension. Timing the consolidation periods is tough during a bull market, so price may clear this zone. However, price action has been choppy up to this point so I think the market wants to sell off. regardless, this is a no-trade zone.
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BTC has completed its range and will head up higher for its final leg up.
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If BTC can clear its local resistance at 88k it's likely the price will start to climb towards 110k+ and push towards new ATH territory.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.