BitcoinLong
bitcoin bulls may target 37 500 usd overview of 50% swings
Updated
🔸Hello traders, today let's zoom out and review bitcoin daily price chart and recent swings in BTCUSD.
What's the best price to reload bitcoin? What's the next big target for the bulls? When do we expect
the price target to get hit? All the questions will be addresses today, so let's dig into it.
🔸Noteworthy, recently bitcoin is moving in 50% swings. The initial 50% swing was printed Jan/Feb 2023,
so the low was set near 16 600 USD and the high was set near 25 500 USD. After the 50% gains,
we got a decent size pullback from 25 000 USD to 20 000 USD.
🔸The next bullish swing was also 50% in size, came in after the pullback in early March 2023.
So the low was set at 20 150 USD and the expect high should be set near 30 500 USD.
This is still in progress, we are still trading in this bullish swing right now.
🔸The next projected bullish swing should come in after we get a pullback / cool down.
Once we hit near 30 000 USD, we may expect a decent pullback. This is in-line with
previous swings this year.
🔸Next swing low can be triggered near 24 500 USD and bulls will target 37 500 USD in
this new 50% swing. So bulls should be ready to buy bitcoin after the pullback and
subsequent consolidation near 24 500 USD.
🔸Therefore, the recommended strategy right now for the bulls is to wait for price to
cool down and retrace before reloading the bitcoin. Bulls should be able to push the
prices to a new high near 37 500 USD later in April/May 2023.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
What's the best price to reload bitcoin? What's the next big target for the bulls? When do we expect
the price target to get hit? All the questions will be addresses today, so let's dig into it.
🔸Noteworthy, recently bitcoin is moving in 50% swings. The initial 50% swing was printed Jan/Feb 2023,
so the low was set near 16 600 USD and the high was set near 25 500 USD. After the 50% gains,
we got a decent size pullback from 25 000 USD to 20 000 USD.
🔸The next bullish swing was also 50% in size, came in after the pullback in early March 2023.
So the low was set at 20 150 USD and the expect high should be set near 30 500 USD.
This is still in progress, we are still trading in this bullish swing right now.
🔸The next projected bullish swing should come in after we get a pullback / cool down.
Once we hit near 30 000 USD, we may expect a decent pullback. This is in-line with
previous swings this year.
🔸Next swing low can be triggered near 24 500 USD and bulls will target 37 500 USD in
this new 50% swing. So bulls should be ready to buy bitcoin after the pullback and
subsequent consolidation near 24 500 USD.
🔸Therefore, the recommended strategy right now for the bulls is to wait for price to
cool down and retrace before reloading the bitcoin. Bulls should be able to push the
prices to a new high near 37 500 USD later in April/May 2023.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
bitcoin 30 000 usd advanced price fractal buy low
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⚡️signals based on whale activity
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