BitcoinLong
BTC OUTLOOK
BTC OUTLOOK
Price Movement Analysis:
The recent price action aligns with our previous forecast. The following scenarios outline potential price movements for Bitcoin (BTC).
Bullish Scenario:
Sustained price levels above 64000 are indicative of a continuation of the bullish trend, with upward targets at 71000 and 75000. In the event of a pullback, a retest down to 55000 may occur before the resumption of upward momentum.
Bearish Scenario:
A confirmed bearish trend requires a price breakdown below 53000, followed by consolidation with a 4-hour or 1-hour candle closing below this level. Such a movement could lead to further declines towards 55000. Subsequent stabilization below 51217 may precipitate a drop to 42212.
Price Movement Analysis:
The recent price action aligns with our previous forecast. The following scenarios outline potential price movements for Bitcoin (BTC).
Bullish Scenario:
Sustained price levels above 64000 are indicative of a continuation of the bullish trend, with upward targets at 71000 and 75000. In the event of a pullback, a retest down to 55000 may occur before the resumption of upward momentum.
Bearish Scenario:
A confirmed bearish trend requires a price breakdown below 53000, followed by consolidation with a 4-hour or 1-hour candle closing below this level. Such a movement could lead to further declines towards 55000. Subsequent stabilization below 51217 may precipitate a drop to 42212.
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.