BTCUSD 4 Hour Consolidation 2Mo
Updated
Bitcoin is about to collapse in price, my feelings are either it will quickly dump to 10k or stop at 15k then consolidate between that and 25k. After that it may continue the bearish cycle or start a new bullish leg.
If it were to continue the bearish cycle targets are 1-3k, however if bitcoin can consolidate above 10k and hold then the bull isn't over and 120k is in sight.
4 Hour
Daily
Previous Analysis:
If it were to continue the bearish cycle targets are 1-3k, however if bitcoin can consolidate above 10k and hold then the bull isn't over and 120k is in sight.
4 Hour
Daily
Previous Analysis:
Trade active
It's Aug 19th and it's been 2 months of consolidation. Now bitcoin is dropping.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.