Continuing the previous analysis, the end of the downward trend of Bitcoin is the support area of $72,000. Then, according to my prediction, Bitcoin will leave the descending channel and pass the resistance areas of $9,000, $100,000, and then $108,000. In the end, Bitcoin will reach the end of its upward trend in this period to about $13,000. Of course, it should be considered that any tension and conflict between Israel and Iran will cause pressure to sell Bitcoin and buy gold.
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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.