BTC - The path to $72K (or lower)
I have been tracking the latest top in BTC. ( 109k) It was admittedly a little sloppy and premature. Originally targeting the 
92K - 101K area for a top, the moves above 100k humbled me. We have been chopping sideways for 3 months now , in what I assume is a large unloading of positions into late buyers. The market keeps looking more and more tiered each week I look at it. This week the US equity markets look to have reached their exhaustion points as well. ( INX and NQ ) So perhaps all are no aligned. Next support lower is 72k for me. But you can see from the chart that there are other lower targets in play. As we near April 14th, we will reassess.
92K - 101K area for a top, the moves above 100k humbled me. We have been chopping sideways for 3 months now , in what I assume is a large unloading of positions into late buyers. The market keeps looking more and more tiered each week I look at it. This week the US equity markets look to have reached their exhaustion points as well. ( INX and NQ ) So perhaps all are no aligned. Next support lower is 72k for me. But you can see from the chart that there are other lower targets in play. As we near April 14th, we will reassess. 
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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.