Here's what we can expect next for Bitcoin
Hey folks,
The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin. (buyer vs. seller sentiment)
I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below)
Do check it out for more detailed insights, as I will cover off both short-term & long-term opportunities. (purely technical)
Snapshot of latest BTC price action:
Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.
The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin. (buyer vs. seller sentiment)
I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below)
Do check it out for more detailed insights, as I will cover off both short-term & long-term opportunities. (purely technical)
Snapshot of latest BTC price action:
- From larger timeframe perspective (daily), we can see price consolidating sideway at the upper level of it's swing pipeline.
- From micro trend perspective (hourly), we observed strong sell-off each time buyer tried to regain control.
- Price is now within sensitive zone (47132~46536) with higher probability of successful upwards recovery. I have called this out in my previous analysis, please make sure to check previous analysis for full context.
- If buyers are able recover price sharply (v-shaped pattern) back to 48200 level (by today), this will likely form a strong support for price to retest 50000.
- However if price remains choppy without decisive upwards push, we will likely see price drop to 45700~44600 level.
Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.
YouTube Channel: TraderDex
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