1D timeframe.
There are 2 signs that the price of Bitcoin is about to explode:
1. We have broken above the ATH
2. BTC peaks Nov-Dec in historical halving cycles 2013/2017/2021
And there are 2 paths that could play out.
1. Great.
BTC has touched an uptrend (white line with 3 x red crosses). A break above this uptrend + a weekly candle close above 110K could result in a parabolic run to the upside with a target estimate of 246K. A bounce off the uptrend could be a good long entry.
2. Good
We break below the uptrend represented by the thick white line and said line begin to act as resistance. This would result in a higher high estimated at 125K. A bounce off 95K could be good long entry.
There are 2 signs that the price of Bitcoin is about to explode:
1. We have broken above the ATH
2. BTC peaks Nov-Dec in historical halving cycles 2013/2017/2021
And there are 2 paths that could play out.
1. Great.
BTC has touched an uptrend (white line with 3 x red crosses). A break above this uptrend + a weekly candle close above 110K could result in a parabolic run to the upside with a target estimate of 246K. A bounce off the uptrend could be a good long entry.
2. Good
We break below the uptrend represented by the thick white line and said line begin to act as resistance. This would result in a higher high estimated at 125K. A bounce off 95K could be good long entry.
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.