BitcoinUpdated Bitcoin is currently consolidating
38k & 36k is the key point to breakout/breakdown
Date range 26 Nov - 10 Dec
Breakout 38k > Going up to next ressistence 40k or 50k
Breakdown 36K > Pullback to support 32K or 30K
Wait n see, check the volume for confirmation
Date range 26 Nov - 10 Dec
Breakout 38k > Going up to next ressistence 40k or 50k
Breakdown 36K > Pullback to support 32K or 30K
Wait n see, check the volume for confirmation
Note
Hit 40K today. The next resistance is 50KThere is 2 option:
1. Pullback to 37-38K (Be careful if breakdown below 36K)
2. Hit 50k (40K is new support)
My analysis, option 2 has high probability
Note
Pullback to around 40k, and now have pretty good pattern.It's just a matter of time to reach the price of 48-50K. I believe it will happen before the new year.
Or at the latest by January 15th.
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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.