Bitcoin’s recent price action has traders excited, but is the rally sustainable? In this analysis, I break down key technical indicators, trend patterns, and historical price behavior to explain why Bitcoin is likely heading lower before any major recovery.
🔹 Key Highlights:
✔ Price Prediction: Expecting a pullback to $67,000–$73,000 before a bounce.
✔ Technical Breakdown: Analyzing support, resistance, and inflection points to identify future price action.
✔ Trading Strategy: Why shorting Bitcoin could be the right move in the current setup.
✔ Brief technical analysis instructional: higher highs and lower lows.
Don’t get caught in the trap—stay ahead of the trend!
This isn't investment advice, what are you crazy? You would have to be to take investment advice from a stranger on the Internet. So don't do it.
Addendum: when I draw that lower trend line in the first part of the video I should attach that to the red bodies not the green ones
🔹 Key Highlights:
✔ Price Prediction: Expecting a pullback to $67,000–$73,000 before a bounce.
✔ Technical Breakdown: Analyzing support, resistance, and inflection points to identify future price action.
✔ Trading Strategy: Why shorting Bitcoin could be the right move in the current setup.
✔ Brief technical analysis instructional: higher highs and lower lows.
Don’t get caught in the trap—stay ahead of the trend!
This isn't investment advice, what are you crazy? You would have to be to take investment advice from a stranger on the Internet. So don't do it.
Addendum: when I draw that lower trend line in the first part of the video I should attach that to the red bodies not the green ones
Trade active
Ladies and gentlemen at four minutes [4:00] in the video I describe exactly what is happening to bitcoin right now, as seen in my eight hour chart. Please take a look! Note
Another dire bitcoin publication from one week prior
"69,000 bitcoin incoming, and it's natural"
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.
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.