Bitcoin 1 of 3 scenarios that will happen in the near future.
Updated
Which will happen first,
1. continuation of the sideways move
2. Bounce off the 32.4K resistance line
3. Breakout of the 32.5K to become support and make a break for ATH.
1. continuation of the sideways move
2. Bounce off the 32.4K resistance line
3. Breakout of the 32.5K to become support and make a break for ATH.
Note
Scenario 2 - breakout occurred on the 29th Sept 2021.Scenario 3 is in play
08-Nov 2021 Next thing to happen is for the price to continue ascent to its peak towards the end of 2021. ( possible Top in the high €120's/150K
Note
We hit the Fib 1.23 and broke down - Move ended and Financial Cycle High peaked in dec 2021
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.