Long

Updated

BTC - REVERSAL AREA AT 48K (NOV 2023)

When considering Bitcoin's mid-term trajectory, a potential target I am observing is approximately $48,000. It's crucial to note that this projection represents a plausible scenario based on current market trends and analysis. However, it's equally important to maintain a proactive stance, closely monitoring the market's response as Bitcoin approaches this price zone. Analyzing the reactions and behaviors of BTC upon nearing this level will provide valuable insights into market sentiment and potential future price movements.

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48k is like a magnet.

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Very close to 48k. Start to be careful!

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BTC might not make 48k at all and start going down from here at 45k.

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Reached almost to the Reversal Area.

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Showing weakness around 45k.

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This time it will go through 48k.

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Penetrating to the reversal pattern zone.

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BTC at 47k. Only 1k to hit the first target 48k.

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Today is 10 Jan 2024 (day of ETF news reveal) . BTC hit 48k and entered the possible reversal zone.

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We are in a reversal area. Be careful.

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BTC Hit 48K and now at 42k. The struggling is quite obvious in the reversal pattern shown. I expext BTC go range (40k to 50k) for a while, helping Alts to go up.

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Struggling under 48k resistance. I think there would be another push-up to hit 50k before going down.

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After hitting 48k, the next target can be 36k.

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Here we go!

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If 48K is broken BTC can hit 58k.

Ehsan_1307

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Ehsan_1307

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