ATCryptoScan: BTCUSD into early 2025... how ah?
Previously, called for a moderated 88K BTCUSD by the end pf 2024. Its two days away and currently about 93K.
What I like about these recent downside targets is that they get close but not there nor exceeded. This tells me that there is underlying demand.
However, as previously marked, it really appears that regardless of support currently, there should be a (brief) meeting of 75K around early Feb 2025.
So... just marking out with a purple pencil the path BTCUSD should be taking somewhat.
Targets are projected and technical indicators are not strong, so there is downside risk.
MACD has broken below zerop line, and Rate of VolDiv is decelerating fast.
I'd be waiting and ready...
Have a Happy New Year!
What I like about these recent downside targets is that they get close but not there nor exceeded. This tells me that there is underlying demand.
However, as previously marked, it really appears that regardless of support currently, there should be a (brief) meeting of 75K around early Feb 2025.
So... just marking out with a purple pencil the path BTCUSD should be taking somewhat.
Targets are projected and technical indicators are not strong, so there is downside risk.
MACD has broken below zerop line, and Rate of VolDiv is decelerating fast.
I'd be waiting and ready...
Have a Happy New Year!
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