Examining the bitcoin chart in 2 hour timeframe, we saw that the price has reached an important supply range and by collecting the liquidity of the high swing specified in the chart , it is preparing a new setup for further correction, I marked on the chart the important support levels that we expect the price to react when it reach to it , so be sure to read the chart clearly ! On the other hand, looking at the Bitcoin weekly chart, we saw that last week's candle was not very powerful one :)) and we need more strong candles to reach The 29K Target. At best, we can expect the price to fluctuate in this range for a few weeks. It is only by creating strong demand that we can reach our mid-term target, otherwise this correction will be deeper and more tedious. Any questions that come to you, please comment, I will definitely answer .
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ... 👤 Arman Shaban : ArmanShabanTrading 📅 06.28.2022 ⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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.