Will Bitcoin Price Drop to $34,000?
Updated
BTC needs to close above the $36,800 level for a 4-hour candle to signal a potential move. If it manages to close above $36,800, the target will be $38,500.
However, if it fails to reclaim $36,800, the movement will likely start from the current level ($36,400), initially targeting the $34,200 zone and then potentially dropping to $33,400.
In the previous analysis, we achieved an 8% gain. You can view the analysis in our profile.
NFA.
However, if it fails to reclaim $36,800, the movement will likely start from the current level ($36,400), initially targeting the $34,200 zone and then potentially dropping to $33,400.
In the previous analysis, we achieved an 8% gain. You can view the analysis in our profile.
NFA.
Trade active
Order cancelled
Bitcoin closed candles above $36,800. BTC could target $38,000 as long as it stays above $36,800.We cancel the analysis.
NFA.
Related publications
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.