Bitcoin is in a critical zone!
Updated
As in the previous analysis that I published 12 days ago (Its details are in the ideas section of my profile), I mentioned that we are at the end of the downward trend, but I expected that before the main upward trend, the price would drop to around 24k to complete the downward trend.Anyway, as I specified in the chart, Bitcoin at the price of 30,849 is an important point for me, and until we reach it, the previous analysis can continue to be strong (although based on the price momentum, I find it unlikely). If this point is touched, the next price target will be 35149, and I consider any drop as an opportunity for a long position, which is also there in an important CME Gap.
I need to explain that I consider this wave to be the last rise in price and after that I will wait for a big fall.
I will announce further updates if needed.
I need to explain that I consider this wave to be the last rise in price and after that I will wait for a big fall.
I will announce further updates if needed.
Comment
For the upward trend, we need to touch 31,202 points in addition to 30,849 points.In general, we climbed a lot and we need pullback.
Trade closed: target reached
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