The next BTC target is 51000? Please check analysis
Updated
đź“Ł Hello Mates!
We observed BTC going bullish continuously for the last several months, but suddenly it dropped from 73000 and retraced back to 60000.
As we mentioned in the previous chart, the market would rebound from 72000 or 73000, which is now acting as our resistance. Indeed, the market bounced back from there, fulfilling both of our target markets. For instance, it could rise from 66000 to 68000 or even 70000, after which it is expected to retrace again, reaching around 60000 to 61000. Following this, there might be a slight bullish movement, and then our last target would be 51000.
While we have a very strong support at 60000 or 61000, if the market breaks this support, then the next target would be 56000. If it further breaks 56000, then our final target is 51000.
Now our buy targets are 66000, 68000, and 70000, and our sell zone targets are 61000, 56000, and 51000 respectively.
Stay tuned for further updates and trade smartly! đź“Š
We observed BTC going bullish continuously for the last several months, but suddenly it dropped from 73000 and retraced back to 60000.
As we mentioned in the previous chart, the market would rebound from 72000 or 73000, which is now acting as our resistance. Indeed, the market bounced back from there, fulfilling both of our target markets. For instance, it could rise from 66000 to 68000 or even 70000, after which it is expected to retrace again, reaching around 60000 to 61000. Following this, there might be a slight bullish movement, and then our last target would be 51000.
While we have a very strong support at 60000 or 61000, if the market breaks this support, then the next target would be 56000. If it further breaks 56000, then our final target is 51000.
Now our buy targets are 66000, 68000, and 70000, and our sell zone targets are 61000, 56000, and 51000 respectively.
Stay tuned for further updates and trade smartly! đź“Š
Note
Lets seeNote
First BUY Target 66000 Successfully AchievedNote
Second BUY Target 68000 Successfully AchievedNote
Final BUY Target 70000 Successfully AchievedTrade closed: target reached
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