By analyzing Bitcoin in the daily time frame, we see that the price has been trading in a netural zone in $30,000 for the past 3 weeks! This area was one of the important supply zones that we expected to react to and this happened several times, now the price will probably start its next movement between 3 and 7 days and this movement will probably be powerful! The first scenario is maintaining the support of $30,000 and moving and stabilizing above $32,000. If this happens, I believe that the price will grow to $37,600 to fill the liquidity viod (LV) that was created a year ago! Otherwise, the next scenario will happen when the price loses the $30,000 support, and in this case, the price will probably fall to $26,700 as the first target! Consider these scenarios! This analysis will be updated!
The Main Analysis in 5120*1440 Resolution (8K)
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Best Regards , Arman Shaban
Note
NEW Update :
By examining Bitcoin in the daily time frame, we see that finally, according to our initial expectation, the price started to fall and has corrected up to $29200! If the price stabilizes below the $29400 low swing , we can expect further fall to lower levels! If this drop continues, its next targets will be $28,500, $27,100 and $26,100 respectively!
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