Just my logical view on target prices
I am trying to make sense what is happening and will happen in the following day Mark 27 of January as a flexion date
I am trying to make sense what is happening and will happen in the following day Mark 27 of January as a flexion date
Note
I need to clarify.What I am saying is that below 40k, there is an intermediate support level around 33.5/34.5k.
I do not believe we will be holding this support level. Many people will fall into this trap and try to buy/long their positions.
It will take a day or two before we confirm the drop to 30k. I expect this to be around 26/27th of January if we follow the downtrend, though this can be affected by FUD news and can reach there faster.
On the 30k support level things get interesting. No one know if this support level is strong enough to maintain BTC over 30k. Looking at the previous buy volumes, i am mitigated. Realistically, BTC will fall under 30k especially if we have FUD news from the Feds. We will see. Under 30k we are looking at the next support level between 15k & 18k. This is the strongest support we have to date and BTC will now fall below that.
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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.