BTC is going into a correction phase, very soon!
this analysis continues my last analysis on BTC / USD
BTC is still in the compression area, which in my opinion is still with the previous analysis there is a big potential for BTC to be corrected more than 10,000
The psychological price of 50,500 has been touched and the price cannot last long in that area, this proves that the majority wants to take profit at that psychological price.
Is it time to release profits and BTC re-enter?
BTC will enter the correction phase if the price can fall through the red line with an initial target of 44,000 - 42,000
BTC is still in the compression area, which in my opinion is still with the previous analysis there is a big potential for BTC to be corrected more than 10,000
The psychological price of 50,500 has been touched and the price cannot last long in that area, this proves that the majority wants to take profit at that psychological price.
Is it time to release profits and BTC re-enter?
BTC will enter the correction phase if the price can fall through the red line with an initial target of 44,000 - 42,000
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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.