BTC/USDT
It failed to stabilize above the resistance range and re-entered the correction
According to the recent correction, if another upward wave is formed, the final growth of the Bitcoin price is predicted to be around $ 40,000, and this wave is expected to be the last positive correctional wave of the market and will react to these limits.
As mentioned in the previous analysis, given the type of price correction as well as the estimated time to complete this correction wave, the main support for changing the long-term market trend is around $ 24,000 and we expect the price to be within a 2-month period. Reach this level and prepare again for a long-term uptrend
Also to clear up the ambiguity about changing the resistance chart of the previous chart (which was from $ 45,000 to $ 47,000) to the $ 40,000 range, the formation of each microwave due to price compression and restructuring at higher levels changes the critical range in the chart. And the totality of the market and the type of subsequent movements are predicted based on these waves
Therefore, according to the latest studies on the Bitcoin chart, crossing and re-establishing the $ 40,000 range means the end of the correction, and the original scenario will lose its validity to reach the $ 24,000 range.
Keep in mind that the wave marked on the chart is predicted to be a 3 wave with a 100% ratio of the previous two waves, provided the $ 32,000 support is maintained, depending on the type of correction, so losing this range would mean activating the Bitcoin loss limit. will be
In case of any change, the analysis will be updated again
Good luck
Cryptoclub Analytical Team
It failed to stabilize above the resistance range and re-entered the correction
According to the recent correction, if another upward wave is formed, the final growth of the Bitcoin price is predicted to be around $ 40,000, and this wave is expected to be the last positive correctional wave of the market and will react to these limits.
As mentioned in the previous analysis, given the type of price correction as well as the estimated time to complete this correction wave, the main support for changing the long-term market trend is around $ 24,000 and we expect the price to be within a 2-month period. Reach this level and prepare again for a long-term uptrend
Also to clear up the ambiguity about changing the resistance chart of the previous chart (which was from $ 45,000 to $ 47,000) to the $ 40,000 range, the formation of each microwave due to price compression and restructuring at higher levels changes the critical range in the chart. And the totality of the market and the type of subsequent movements are predicted based on these waves
Therefore, according to the latest studies on the Bitcoin chart, crossing and re-establishing the $ 40,000 range means the end of the correction, and the original scenario will lose its validity to reach the $ 24,000 range.
Keep in mind that the wave marked on the chart is predicted to be a 3 wave with a 100% ratio of the previous two waves, provided the $ 32,000 support is maintained, depending on the type of correction, so losing this range would mean activating the Bitcoin loss limit. will be
In case of any change, the analysis will be updated again
Good luck
Cryptoclub Analytical Team
Trade closed: stop reached
Bitcoin penetration was activated by penetrating and stabilizing below the $ 32,000 range ...
As mentioned in the previous analysis, the short-term downward trend or the long-term corrective trend of the market has not ended and in terms of time, according to the studies, there are 40 to 50 days left from the price correction period.
By re-examining the 4-hour timeframe, penetrating the $ 32,000 range, it expects to move to 40,000 and temporarily increase the price of its credit, and with the completion of the specified period, the price of Bitcoin is expected to enter a new downward wave.
Looking at the above timeframes, the most important and final support for this currency is around $ 24,000, and the price can be downgraded over the forecast period.
In case of any change, the analysis will be updated again
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.