Bitcoin BTC price trade plan for the weekend
Updated
The trading plan for BTCUSDT for the weekend presented today fits perfectly with the concept we presented a week ago on a larger timeframe.
Looking at the chart, we see signs that buyers are weakening. If they fail to fix the price above $24,000 in the coming hours, it will only be another confirmation of our assumptions.
As a result, we expect a zigzagging drop in the BTC price in the coming days. The first target is $23200
The final target for the corrective drop in Bitcoin's price should not be lower than $22050-22550 if buyers still have the strength and desire to continue this year's wave of growth in the coming weeks.
After all, if you look at the BTCUSD chart above on the larger time frame, you can see that the strong liquidity zone is well below $17800-20800
The USDT dominance chart indicates possible growth in the coming days, which means that people can be selling out of Bitcoin and altcoins and enter the stablecoins.
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Looking at the chart, we see signs that buyers are weakening. If they fail to fix the price above $24,000 in the coming hours, it will only be another confirmation of our assumptions.
As a result, we expect a zigzagging drop in the BTC price in the coming days. The first target is $23200
The final target for the corrective drop in Bitcoin's price should not be lower than $22050-22550 if buyers still have the strength and desire to continue this year's wave of growth in the coming weeks.
After all, if you look at the BTCUSD chart above on the larger time frame, you can see that the strong liquidity zone is well below $17800-20800
The USDT dominance chart indicates possible growth in the coming days, which means that people can be selling out of Bitcoin and altcoins and enter the stablecoins.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Trade active
Trade closed: target reached
Today we will make a new idea for BTCUSDT
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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