BTC is currently at a crucial zone. The stability we are witnessing in this zone can be attributed to the historical trend that occurred on May 31st, 2022 when BTC experienced a new low. If BTC manages to surpass the $32K mark, it has the potential to reach a new high of $38K, marking the beginning of a new bull market.
The current zone where BTC is located is critical, and it is advisable to closely monitor whether the trend will continue in this direction. A positive outcome could signify an impending breakout.
There is a good chance that BTC will return to
31K before the new weekly chart.
The current zone where BTC is located is critical, and it is advisable to closely monitor whether the trend will continue in this direction. A positive outcome could signify an impending breakout.
There is a good chance that BTC will return to
31K before the new weekly chart.Note
We are not far from the new weekly chart.Let's see if BTC will break the 31K before the weekly chart, or at the start of it.
Note
BTC did target the important 31K target, we follow the trend to see if it's able to gain $32800
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.
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.