BTC WILL FIND ANOTHER NEW ATH
NOTE: This is pure price action analysis.
A new ATH has just been hit, and since it’s likely to reach another ATH, I assume BTC will correct around 68-70K, as that’s a potential support level to lock in before the next upward wave. The parallel channel indicates a move down to retest some trend lines and find solid support.
Based on indicators, there’s significant demand around 68-69K, which is why I believe this could be a strong support level.
BUT, be cautious of any volatility that could make the price movement unpredictable, especially with potential legal challenges from the losing U.S. election candidate. Legal proceedings can be manipulated. Trust your own feelings and trade at your own risk.
Refer to the previous chart on my profile.
A new ATH has just been hit, and since it’s likely to reach another ATH, I assume BTC will correct around 68-70K, as that’s a potential support level to lock in before the next upward wave. The parallel channel indicates a move down to retest some trend lines and find solid support.
Based on indicators, there’s significant demand around 68-69K, which is why I believe this could be a strong support level.
BUT, be cautious of any volatility that could make the price movement unpredictable, especially with potential legal challenges from the losing U.S. election candidate. Legal proceedings can be manipulated. Trust your own feelings and trade at your own risk.
Refer to the previous chart on my profile.
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