irCryptoClub - BTC/USDT - Binance
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BTC/USDT
Looking at the bitcoin chart in 12-hour timeframe, $ 40,700 is an important static range for the current range and has so far managed to support the price.
According to the higher-grade analysis previously presented, the $ 37,000 range is a long-term support and uptrend in the market, and any stabilization below this range will plunge the market into a multi-month downtrend and erosion.
Considering the structure of the previous waves and the validation of the ranges, if the price has the ability to stabilize again above $ 44,200, with a very high probability, a short-term uptrend signal will be issued and we will see an increase in the volume of the market as a whole. It will be possible for these days and this range of the market, because very good measures can be taken to prevent possible losses if the market falls.
Tonight close is very important because it coincides with the closing of the monthly candle and will soon determine the new market trend.
Finally, based on previous analyzes and based on the studies performed, we predict the future market trend as shown in the chart and we recommend that you consider the loss for all the purchases you have made.
In case of price penetration in the range of $ 35,300, the provided analysis will lose its validity and will be updated again.
Looking at the bitcoin chart in 12-hour timeframe, $ 40,700 is an important static range for the current range and has so far managed to support the price.
According to the higher-grade analysis previously presented, the $ 37,000 range is a long-term support and uptrend in the market, and any stabilization below this range will plunge the market into a multi-month downtrend and erosion.
Considering the structure of the previous waves and the validation of the ranges, if the price has the ability to stabilize again above $ 44,200, with a very high probability, a short-term uptrend signal will be issued and we will see an increase in the volume of the market as a whole. It will be possible for these days and this range of the market, because very good measures can be taken to prevent possible losses if the market falls.
Tonight close is very important because it coincides with the closing of the monthly candle and will soon determine the new market trend.
Finally, based on previous analyzes and based on the studies performed, we predict the future market trend as shown in the chart and we recommend that you consider the loss for all the purchases you have made.
In case of price penetration in the range of $ 35,300, the provided analysis will lose its validity and will be updated again.
Note
As expected, it managed to break $ 44,200 in the specified price range and time frame, and with the increase in market volume, we are witnessing a significant growth of other currencies in the market.
With the breakout of the $ 47,000 range and stabilization above this range, the next target mentioned earlier is around $ 50,000 activated in the above timeframes, and if the above scenario is realized, the market trend will be positive again and the correction wave will end. will receive
As mentioned before, in order to prevent any losses in case of market re-correction, the loss of all currencies reviewed and presented will be updated soon.
Examining the 1-hour timeframe of the Bitcoin chart, the market is expected to have a relative stability over the next 24 hours, leading to further growth of altcoins and an increase in the overall market volume.
Losses for the current bitcoin range penetrate the range of $ 45,700
Crypto Club TA team
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
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Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/CryptoClub_Technicalanalyst
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