I forecasted a BTC peak around $32k and BTC peaked at $31.8k on Jul. 13
BTC has been on a downtrend and reached the first $29.1k price target discussed over the past few weeks.
There could be a potential bounce at $29.1k to take BTC up to the yellow trendline. This is a weak resistance level that could break.
Target Price
TP 1
However, my key price target for BTC is $28.5k, which has been a key long term support and resistance target.
I do think BTC will have a successful bounce at $28.5k and that there will be wicks below.
BTC has been on a downtrend and reached the first $29.1k price target discussed over the past few weeks.
There could be a potential bounce at $29.1k to take BTC up to the yellow trendline. This is a weak resistance level that could break.
Target Price
TP 1
However, my key price target for BTC is $28.5k, which has been a key long term support and resistance target.
I do think BTC will have a successful bounce at $28.5k and that there will be wicks below.
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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.