Bitcoin can rise up to 37k
Updated
Hi everyone,
Bitcoin price broke 31300 main resistance line and now is trading around 35k which is the highest point in 18 months.
After such big pump I expect some price correction. RSI is also showing that price has reached local top and there might be some correction.
I don't think that price will fall lower than 31300 support line. Previously it was strong resistance line and now it became a support.
In case if there won't be any significant price correction on Bitcoin then its price can rise up to next resistance at 37400.
Overall Bitcoin remain bullish on the news about possible spot ETF approval from SEC but this can change after actual approval.
Buy the rumor, sell the fact.
Please, do not forget to boost this idea & share it with your friends; thanks.
Bitcoin price broke 31300 main resistance line and now is trading around 35k which is the highest point in 18 months.
After such big pump I expect some price correction. RSI is also showing that price has reached local top and there might be some correction.
I don't think that price will fall lower than 31300 support line. Previously it was strong resistance line and now it became a support.
In case if there won't be any significant price correction on Bitcoin then its price can rise up to next resistance at 37400.
Overall Bitcoin remain bullish on the news about possible spot ETF approval from SEC but this can change after actual approval.
Buy the rumor, sell the fact.
Please, do not forget to boost this idea & share it with your friends; thanks.
Note
Bitcoin price continue to consolidate at around 35k forming bullish flag pattern. In case if price remains at the same levels then it has good chances to breakout and rise up to 37k.
Note
Bitcoin finally broke 36k and aiming to 37k on the rumors that SEC to open talks with Grayscale on spot Bitcoin ETF push.Many traders are waiting BTC at 40k and even higher but I would be very cautious at this point as any time there might be price correction.
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