Hi Everyone,
I still remain bullish in the mid-term for Bitcoin to reach 85k eventually.
However, in the short-term, I expect a near-term reversal to retest mid to low 40k level in the next few weeks, near 50% retracement zone of late January lows.
This assumes that the C wave of current ABC zig-zag correction takes place.
Bitcoin is notoriously difficult to predict since it appears to correlate to stock market corrections.
And if you do see any differing patterns please do feel free to share your idea,
Good luck!
I still remain bullish in the mid-term for Bitcoin to reach 85k eventually.
However, in the short-term, I expect a near-term reversal to retest mid to low 40k level in the next few weeks, near 50% retracement zone of late January lows.
This assumes that the C wave of current ABC zig-zag correction takes place.
Bitcoin is notoriously difficult to predict since it appears to correlate to stock market corrections.
And if you do see any differing patterns please do feel free to share your idea,
Good luck!
Penafian
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.
Penafian
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.