BitcoinUpdated BTC - daily chart viewpoint
Bitcoin has been on a historic rise in 2021 and has since been cooling off. On the daily chart we are clearly bearish short/medium term. Until the 52K resistance (major) is broken I am anticipating another tap into the 40K region before a bounce. Again structurally we turn bullish on the daily once this 52K is broken on the daily.
Let's see how the structure develops.
Trade safe
Sunny Kumar
Let's see how the structure develops.
Trade safe
Sunny Kumar
Note
40K inbound as called.Note
40K has been hit precisely. Price is sitting in a huge demand zone. We could expect price to dip lower to liquidate few more retail investors before the big push up one last time this cycleNote
40 K broke and now the second scenario is in place I believe 30K will be hit soon enough
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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.