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BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving.
What I see is the potential for two scenarios playing out, both based on fractals (bullish and bearish). Both fractals will have certain conditions, and I will point them out in detail so we will know what to look for.
From a diagonal trendline analysis, 61K is a potential touch point. If we lose this support, the bearish fractal becomes more likely.

The potential bearish fractal:

The other scenario that is a possibility, is a correction followed by a longer period of range/sideways trading before an even higher new ATH, as we saw right after the ATH in 2013:

This scenario is more likely when we stay ABOVE the 60k support zone. From a larger timeframe, that fractal played out like this:

From a macro perspective / multi-month / multi year, I believe BTC has even higher highs in store:

NOTE : Because there are so many large institutions in the game this time, I don't expect the correction to be as big as per previous cycles.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BTCUSDT
BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving.
What I see is the potential for two scenarios playing out, both based on fractals (bullish and bearish). Both fractals will have certain conditions, and I will point them out in detail so we will know what to look for.
From a diagonal trendline analysis, 61K is a potential touch point. If we lose this support, the bearish fractal becomes more likely.
The potential bearish fractal:
The other scenario that is a possibility, is a correction followed by a longer period of range/sideways trading before an even higher new ATH, as we saw right after the ATH in 2013:
This scenario is more likely when we stay ABOVE the 60k support zone. From a larger timeframe, that fractal played out like this:
From a macro perspective / multi-month / multi year, I believe BTC has even higher highs in store:

NOTE : Because there are so many large institutions in the game this time, I don't expect the correction to be as big as per previous cycles.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
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Cryptocheck Website
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SoftQuant Website
softquant.io
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Penerbitan berkaitan
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.