btc hits diagonal resistance and retraces to levels 90k. Breaking downwards suggests a potential continuation to 66k levels.
A temporaly rise of btcusd is seen as it tests the broken support at 90k which has now become a strong resistance. Failure of it breaking above 90k suggests a posiible downtrend continuation to next target of 66k as seen in the below analysis.
Having broken one of the most important support zones at 66k and 58k, prices tend to move lower targeting a very strong support at 46k before a crazy bullish pump to 100k. Based on the price action prices might continue a little lower to 46k in a bearish scenario.
Having seen a bullish flag form on the daily and consolidation phases forming within the flag, the flagpole marked with a brown box projected above the flag for price action once it breaks above the flag resistance line above. The mid of the flag provides us with an area of interest that price has to react to for clear directions of whether further uptrend or a reversal.
Gold has been bearish and could be heavily in the bear trajectory. A potential retracement to the 2355 level and a break above suggests a bull power move that could turn the bear trajectory to bullish.
Futuristic view of BTCUSD. Could it be a sharp rise to 76k from current price and then a drop to 56k? 56k would be a nice viewpoint for either further drops or further rises.
Retracement targets and extension targets for usdjpy.