Where is Bitcoin’s support?
Bitcoin has entered a weekly correction and this price correction will continue until we reach oversold levels on the weekly time frame.
My prediction for the end of this weekly correction is between $79,000 and $81,000.
At this price, we also reach the trend curve that has the power to reverse the price upwards.
This price correction is likely to last another 4-5 weeks.
By reaching this support, if Bitcoin remains in the range, altcoins can grow.
Until then, it is better to avoid emotional trading.
This analysis will be violated if the price goes up and breaks above 106,500.
Don’t forget to boost, comment and follow.
Ali Rezaei
My prediction for the end of this weekly correction is between $79,000 and $81,000.
At this price, we also reach the trend curve that has the power to reverse the price upwards.
This price correction is likely to last another 4-5 weeks.
By reaching this support, if Bitcoin remains in the range, altcoins can grow.
Until then, it is better to avoid emotional trading.
This analysis will be violated if the price goes up and breaks above 106,500.
Don’t forget to boost, comment and follow.
Ali Rezaei
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.