⚠️Bitcoin Mid term Update 1D
Bitcoin is preparing to rested 22.8k as i mentioned in the previous post.
Yesterday BTC restested 21.6k that was a STRONG RESISTANCE in the past 2 months which now is acting like STRONG SUPPORT. And BTC successfully retested, but failed to break below this price.
Now i expect BTC to retest 22.8k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.5k. And 27k, only if daily closing above 25.3k
⚠️ 27k is the final price target of this relief rally for BTC
Now...now is getting even more interesting...
S&P just retested the important support (and passed the retest) level which broke early in january 2023
We se a Bullish Div at S&P chart 1D which is very bullush for crypto.
RSI is 39% which is good sign.
As well as BTC chart we clearly see Bullish Div
We need to see S&P which is the leading indicator for BTC.
⚠️Trading is about propabilities, not certainties.
⚠️Not a financial advice.
❤️Always trade with cautious.
Yesterday BTC restested 21.6k that was a STRONG RESISTANCE in the past 2 months which now is acting like STRONG SUPPORT. And BTC successfully retested, but failed to break below this price.
Now i expect BTC to retest 22.8k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.5k. And 27k, only if daily closing above 25.3k
⚠️ 27k is the final price target of this relief rally for BTC
Now...now is getting even more interesting...
S&P just retested the important support (and passed the retest) level which broke early in january 2023
We se a Bullish Div at S&P chart 1D which is very bullush for crypto.
RSI is 39% which is good sign.
As well as BTC chart we clearly see Bullish Div
We need to see S&P which is the leading indicator for BTC.
⚠️Trading is about propabilities, not certainties.
⚠️Not a financial advice.
❤️Always trade with cautious.
Related publications
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.