There is a strong potential for Bitcoin to undergo a correction first, with a high probability of forming a swing high. This is indicated by decreasing volume and the appearance of ranging doji candles. If today’s daily candle closes below 93,900, it will serve as a confirmation of the swing high formation.
Downside Targets:
Target 1: 92,000
Target 2: 88,000
Target 3: 86,000
Additionally, there is a potential for the decline to halt around May 12th, which may mark the beginning of a reversal.
Downside Targets:
Target 1: 92,000
Target 2: 88,000
Target 3: 86,000
Additionally, there is a potential for the decline to halt around May 12th, which may mark the beginning of a reversal.
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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.