Hi Everyone,
I still remain bullish in the mid-term for Bitcoin to reach 85k eventually.
However, in the short-term, I expect a near-term reversal to retest mid to low 40k level in the next few weeks, near 50% retracement zone of late January lows.
This assumes that the C wave of current ABC zig-zag correction takes place.
Bitcoin is notoriously difficult to predict since it appears to correlate to stock market corrections.
And if you do see any differing patterns please do feel free to share your idea,
Good luck!
I still remain bullish in the mid-term for Bitcoin to reach 85k eventually.
However, in the short-term, I expect a near-term reversal to retest mid to low 40k level in the next few weeks, near 50% retracement zone of late January lows.
This assumes that the C wave of current ABC zig-zag correction takes place.
Bitcoin is notoriously difficult to predict since it appears to correlate to stock market corrections.
And if you do see any differing patterns please do feel free to share your idea,
Good luck!
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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.