BTCUSD - Upcoming Bearish Cycle!
Updated
Hello everyone!
Here's an overview of Bitcoin. We're anticipating a turning point on 4th February, with a subsequent bearish cycle until 5th April 2024. The 5th April 2024 is crucial for Bitcoin as we're expecting a major sharp bearish movement. Potential targets for this downward trend are $32,000 and $26,000.
I'll continue to analyze Bitcoin and update the chart accordingly.
Stop of this analyze is a new High.
Here's an overview of Bitcoin. We're anticipating a turning point on 4th February, with a subsequent bearish cycle until 5th April 2024. The 5th April 2024 is crucial for Bitcoin as we're expecting a major sharp bearish movement. Potential targets for this downward trend are $32,000 and $26,000.
I'll continue to analyze Bitcoin and update the chart accordingly.
Stop of this analyze is a new High.
Trade closed: stop reached
Stop Reached. I Should Update scenario.
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.