BTC Bitcoin medium term Price TargetIf you haven`t bought BTC before the last rally:
Then in line with the Elliott Waves chart pattern analysis, it suggests a forthcoming minor correction for Bitcoin, with one of the legs down anticipated around $47,800.
However, the stock market is currently experiencing a notable surge in calls for tech companies leading up to June 21. I speculate that this could align with the first interest rate cut, sparking a new wave of enthusiasm in the market.
Given this scenario, if Bitcoin follows the trajectory of NASDAQ stocks, my projection is that BTC will ultimately reach $56,000 by mid-2024.
Butcoinanalysis
BTC Bitcoin Crypto market update
Pakistan Time: 03:40PM
Bitcoin support levels - 20,000 USD and 19,500 strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance 20,500 and 21600 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis
Bitcoin breakout and bulls were able to pump the price above the $20,200 resistance zone. The price as high as $20,475 and the price is now correcting gains.
The next major resistance sits near the $20,500 zone.
But RSI is at overbought area and we may see the price will test $19,500
Be carefull
Don't trade without stop loss.
BTCUSD 8 Hour -Looking at large scale pattern and Buy/Sell areasEvery once in a while i like to take a step back and do a macro approach to the chart. to see what new patterns may have arisen. I am often surprised to see the major events we thought had caused large ripples in the crypto world were still with the boundaries of normal operation. A slow growth lie this for the next 20 years would be phenomenal. i would hate to see a skyrocket as that would just end up crashing. I kept this level of the cart simple. I am looking at macro scale buy and sale, long term hold, and my short term trade channel.