BTCUSD

Updated

I have tried my best to clarify the path of Bitcoin in the upcoming period. Anyone who thinks that we have reached the market bottom at present is delusional, and we will visit all the mentioned areas in one way or another within the approximate time frames that I have put on the chart. Trade at your own risk.

Comment

support
19750

Comment

The price's current resistance ceiling is 22400, and the next support is 16985

Comment

The current market situation shows higher stability at 28,793.
If the stability continues, the market is expected to reach the first resistance level at 31,941.
The market needs to retest this level to confirm stability above it.
If stability is confirmed, the market could potentially reach a level of 37,157.
However, if the market breaks and closes below 28,793, our focus will shift to the first support level at 25,806.80.

Comment

Bitcoin is currently experiencing:

Strong support at the 25806.80 level, as confirmed by recent developments.
Looking ahead, the cryptocurrency has the following targets:

The first target is at the 31941.26 level. Stability above and retesting it will take us to the second goal
The second target is at the 37157.55 level. It may have a bloody prolapse
To get a more accurate understanding of the current situation, it's important to:

Review the chart.
Take time zones into account.
Despite some potential resistance, the overall momentum for Bitcoin remains positive.

Comment

If a bounce occurs before the support level 25806.80, the following scenario may occur:

If a retracement occurs and the price ranges from 0.10% to 0.70%, or to be more precise, it bounces from 25989.58,
It did not touch the support at 25806.80 with the tail of the candle. This means that the price will most likely come back to break it with the body of another candle.
In this case, the resistance level is at 28793.57.
The next major support level is located at 21018.42.
Please note that these areas and this analysis may take time to appear on the chart. I'll provide updates later if there's anything new worth tweaking in this analysis.

Comment

We have reached the first time period
Most likely, a pump-and-dump scenario will occur during the next two days, so that we can observe
The important numbers are shown in the graph and in addition 33298
:)

Comment

₿ Support level 25806.80 has been touched accurately

Comment

support at 26339-26517
resistance at 34740-35200

Comment

support at 20730-20420

Comment

Literally, all the goals I mentioned previously in the comment have been achieved
Now, in the current situation, Bitcoin may make a false rise to about 39730, and we may witness a decline from the current prices, and we will witness a bloody decline. I do not advise in the nearby support areas, which are shown on the chart above, which have been breached. The main support is located at 20730-20420

I will update later if there is any change in trend

jewelllc

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