Bitcoin to $23,700 - $24k USD
I see Bitcoin dropping to $23,700 - 24k USD, to test the pivotal COVID-19 anchored VWAP. This target could move up or down slightly as time progresses but generally with the current bearish markets, I think it is a reasonable target. The trigger is a monthly candle close below all green pivotal anchored aVWAPs highlighted on the chart.
Trade closed: target reached
BTCUSD on Binance just hit exactly the target I outlined.
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Check out my Premium Indicators and Bots at: tradesai.com
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.