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From current support, I expect a rise to $45,500, then a fall to $34,000 before a great impulse move to $72,000. Here is why.
As seen on the chart, we can all spot the NOV/DEC 2020 take-off to the APRIL/MAY ATH at $64,700 and another ATH at $68,880 in November.
Price got rejected at this ATH and it’s falling back to the lower trend base.
Therefore, I expect a fall to $34,000 as the third support zone before an impulse move to $72,000 where another DIP can possibly take place.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on BTCUSD ( BITCOIN ) 🤗
Happy Trading💰🥳🤗
Not a financial advice🙅🏼♂️
From current support, I expect a rise to $45,500, then a fall to $34,000 before a great impulse move to $72,000. Here is why.
As seen on the chart, we can all spot the NOV/DEC 2020 take-off to the APRIL/MAY ATH at $64,700 and another ATH at $68,880 in November.
Price got rejected at this ATH and it’s falling back to the lower trend base.
Therefore, I expect a fall to $34,000 as the third support zone before an impulse move to $72,000 where another DIP can possibly take place.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on BTCUSD ( BITCOIN ) 🤗
Happy Trading💰🥳🤗
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Telegram Channel:
t.me/PetrockTheAnalyst
Free Trial / Contact Us:
t.me/PetrockTheAnalystSupport
Recommended Exchanges:
Mexc
promote.mexc.com/r/x3TxT1ni
Bybit
bybit.com/invite?ref=761XRO
t.me/PetrockTheAnalyst
Free Trial / Contact Us:
t.me/PetrockTheAnalystSupport
Recommended Exchanges:
Mexc
promote.mexc.com/r/x3TxT1ni
Bybit
bybit.com/invite?ref=761XRO
Related publications
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.