📈Bitcoin Next Stage 70K? / 2 Scenarios ahead of Investors📉
BTCUSDT BTCUSD Hello dear traders.
- The cryptocurrency market has entered its bullish rally, but keep in mind that Bitcoin miners are planning to sell their Bitcoin before the halving event in order to make a good profit from this price growth. Considering that the price is approaching the Fibonacci channel, the possibility of price correction in the coming weeks is very high.
- Following the previous Bitcoin analysis, I closed my positions at around $50,000 and am not going to enter the trade on the current weekly candle, right now I am waiting for the next 3 days ahead.
- The ATR level in period 3 shows around 8500, if the last weekly candle remains above this value, the price trend of the next week will be bullish.
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