Hello traders.
In this chart you will be able to see my prediction for BTC/USD on the mid-term.
BTC recently broke some critical levels again, and the price will most likely be dropping down to around 9.5K levels and bounce back up from there.
And I believe after this correction, BTC is ready to break the bear market that we have seen since christmas.
A double bottom would be the case here, so nice buy-in levels would be 9-10K probably. You could start dollar cost averaging once it breaks support at 10K.
My target would be a new ATH if the red trend line shown in the chart is broken.
"BUY THE DIP"
Good luck!
In this chart you will be able to see my prediction for BTC/USD on the mid-term.
BTC recently broke some critical levels again, and the price will most likely be dropping down to around 9.5K levels and bounce back up from there.
And I believe after this correction, BTC is ready to break the bear market that we have seen since christmas.
A double bottom would be the case here, so nice buy-in levels would be 9-10K probably. You could start dollar cost averaging once it breaks support at 10K.
My target would be a new ATH if the red trend line shown in the chart is broken.
"BUY THE DIP"
Good luck!
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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.
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.