Coming Key Points. Uptrend Continues
Updated
Analysis of the events of the last days and the graph of the current depth of the Bitcoin market gives reason to believe that the market will develop as follows. The uptrend is quite stable.
I think that we will be able to start talking about going above the 42,600 USDT level in the near future.
Not investment advice.
Check out my other ideas. Don't forget to rate them and leave comments. The ratings express your interest in my ideas, and the comments give me the opportunity to look at situations from a different angles.
I think that we will be able to start talking about going above the 42,600 USDT level in the near future.
Not investment advice.
Check out my other ideas. Don't forget to rate them and leave comments. The ratings express your interest in my ideas, and the comments give me the opportunity to look at situations from a different angles.
Note
Bitcoin has entered the expected support level. Let's see what will happen next!Note
The price dropped below the expected level.Perhaps, at the beginning of the next hour, we will see a rise. If the price falls below 32,900 USDT, then a prolonged downtrend is possible.
Note
Bitcoin broke through the perceived support zone and went down to the previous support level.However, I will refrain from early conclusions. Despite the fall, the price quickly returned to the 33,000 USDT level. The buy wall in the range of 32,500 USDT–32,600 USDT kept the fall. However, a retest of 32,500 USDT is not excluded.
Note
Bitcoin runs between 32,300 and 33,500. RSI indicates a possible uptrend.I expected a sharp drop below 32,000 USDT, if the price dip below 33,000 USDT. I think the uptrend will start soon. However, this is only a guess. Looking at the technical ratings, it's hard for me to say anything specific. There are many willing to buy Bitcoin at prices ranging from 32,000 USDT to 32,600 USDT. This is a good sign.
Note
Bitcoin still fell to FIB 0.786 level. The idea did not come true.The situation needs to be reconsidered. My conclusions about the rapid recovery of the market were hasty.
See you later!
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