Ethereum followed this path before, in the period from January 2021 to November 2021. I believe this is his way back again from $900 in June 2022 to $4,880 in April 2023 or probably sooner, thanks to the #Merge.
Depending on resistance and support, BTCUSDT will increase laying on moving support line to cross static resistance of 52,000 USDT to reach 64,000 USDT in the criteria shown in the Chart.
Btc is going down to reach 30K+
Simply because people and merchants still don't accept crypto for buy and sell.
People want cash for holidays.
Any way the low BTC price will reach 28,000 - 30,000 USDT but not for long and In will give an inverted Head-and-Sholder to reach 80,000 USDT in no time.
Check the chart and send me your feedback and comments.
Best
This is an advanced prediction of previous one with three Scenarios.
A- BTC will increase to left shoulder (77,000USDT) in a period of 10 days.
B- BTC will decrease to 30,000 before it rises to 77,000 in 20 days of oscillation .
C- BTC will visit the price of 28,000-29,000 like it happened on 11 May to 21 July 2021. Then it jumps to 77,000 - 100,000 maybe.
In...
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Repeating patterns do not happen by coincidence.
The market...
