Weekly Chart: Bull Flag Pattern Suggests Potential End 2024
Here's some promising news for those hoping Bitcoin will reach $100,000 by the end of the year. We’re observing a bull flag pattern on the weekly chart, which could set the stage for that goal. If everything progresses smoothly, reaching $92,722 is a possibility. Given that it's a U.S. presidential election year, unexpected developments are always possible.
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Bitcoin usd in next Three monthsBitcoin has been ranging between 60,000$ and 72,000$ for a month, in the next three months we have two scenarios.
1- if the 60,000$ resistance is broken, it will fall to at least $40,000 to $44000.
2 if the $73,000 support line is crossed, it will rise to $100,000
Currently, the best price to enter is $60,000 to $63500 and in case of breaking the resistance line the best price to enter is $40,000 to $44000
Considering the price correction of Bitcoin last year and the Halving, the second scenario is more likely
HOW BTC WILL REACH NEARER TO $100000 WITHIN MID OF 2022 (Q2)as per previous cup and handle BTC goes to the exact target at 69500 now its time to breakout another CUP and handle breakout which one already created . its time to breakout the handle which possible accumulation zone 47000 - 51000, Every targets and possible scenarios are mentioned into chart. Hope it will be useful for your long term investment.
BTCUSD Difference in MACD vs GraphHello Traders!
MACD in the chart is in a default setting.
There is a Difference between MACD vs graph chart. It looks like MACD is about to give a cross and it will be a clear divergence and it will go to 41k support.
If MACD fails to cross here then it will give a cross after breaking the previous high and in this case, we are going to see some beautiful bullish candles.
If you go back and see from 25-nov-2020 to 16-dec-2020 there is same kind of difference and when MACD gave a cross on 16th dec Market reached 21k and the MACD was still below the previous high and after that you can see a 100% gain. I am expecting the same performance here and BTC will shoot and cross 100,000$ and can go up to 120,000$.
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