BTC/USDT currently might look confused to many right now as to what direction this will take after BREAKING OUT from the current consolidation.
With The current market surge, everything might looks bearish to some, but the truth might just be far from that which is why so many are already liquidated.
Why do I confidently believe we will hit $10k?
(Kindly like this post and share this idea if you find it useful, to encourage me make more future analysis on BTC/USDT.)
A good look at my last analysis on BTC/USDT, I stated why you should not short at $6703 which was the price as at the time of post and the current price now is $7097.96 as at the time of writing this post.
Price rallied earlier to $7188.83 where BTC?USDT experience and lil dip back to the Pivot Point at $7035.
The 1st early hours of today closed above this Pivot Point, its has successfully maintained this Point till now( a very bullish sign)
A dip is expected any time soon but price is most likely to rally up to between $7300- $7700, before any dip, the come back to try to break to $8k
if price makes it pass this zone after which in my opinion price will rally back to $8k
We are most likely to feel the bears repulsion when we start approaching $8k and will experience a deep dive back to $6900- $7100
BTC/USDT is most likely to consolidate after this drop before heading to $10k
With The current market surge, everything might looks bearish to some, but the truth might just be far from that which is why so many are already liquidated.
Why do I confidently believe we will hit $10k?
(Kindly like this post and share this idea if you find it useful, to encourage me make more future analysis on BTC/USDT.)
A good look at my last analysis on BTC/USDT, I stated why you should not short at $6703 which was the price as at the time of post and the current price now is $7097.96 as at the time of writing this post.
Price rallied earlier to $7188.83 where BTC?USDT experience and lil dip back to the Pivot Point at $7035.
The 1st early hours of today closed above this Pivot Point, its has successfully maintained this Point till now( a very bullish sign)
A dip is expected any time soon but price is most likely to rally up to between $7300- $7700, before any dip, the come back to try to break to $8k
if price makes it pass this zone after which in my opinion price will rally back to $8k
We are most likely to feel the bears repulsion when we start approaching $8k and will experience a deep dive back to $6900- $7100
BTC/USDT is most likely to consolidate after this drop before heading to $10k
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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.
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.