BTCUSD tops $36K are you ready for $37k Rally?
Price of BTC broke the 36k resistance, creating a new spot for 37,000-37,500 rally and finish the market structure of the 5th wave from a mayor grade wave 3.
I strongly believe BTC is getting ready for new highs, giving the ETF turmoil, as well as the inflation and market conditions. If prices continues in this structure it is probable to reach 45k in a short term.
BTC support remains at 36,000, and 34,500 projecting a future correction that could reach from $32,000 to $31,000 forming the 4th wave as long as BTC price makes a retracement at $37,000.
I strongly believe BTC is getting ready for new highs, giving the ETF turmoil, as well as the inflation and market conditions. If prices continues in this structure it is probable to reach 45k in a short term.
BTC support remains at 36,000, and 34,500 projecting a future correction that could reach from $32,000 to $31,000 forming the 4th wave as long as BTC price makes a retracement at $37,000.
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.