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BTC preparing for run to 150k technical tp on higher timeframe
Technical analysis indicating "measured move" buy setup on higher timeframes
I expect price to advance from current 88-93k buy zone (consolidation structure on 4 hr tf) back to new highs above 109k, which was previously noted as tp1 (with anticipated near term consolidation in low 90k range). It's possible we have one more retest of 88-93k levels after reaching 108-110k level on next buy wave, but as previously noted, it primarily remains a buy opportunity.
Once a move above 120k is achieved, price will be strongly in the hands of buyers (with diminishing supply) and head towards 150-155k level fairly steadily & easily to achieve technical "measured move" target.
There remains possibility that we get one final retracement from 150k but my own cycles analysis indicates that would be the final big discount opportunity IF it were to occur at all.
Price advancement above 100k is a SIGNAL that mass adoption is taking place globally and will lead to much higher highs. Any price dips below 100k remain discounts for institutional ownership
I expect price to advance from current 88-93k buy zone (consolidation structure on 4 hr tf) back to new highs above 109k, which was previously noted as tp1 (with anticipated near term consolidation in low 90k range). It's possible we have one more retest of 88-93k levels after reaching 108-110k level on next buy wave, but as previously noted, it primarily remains a buy opportunity.
Once a move above 120k is achieved, price will be strongly in the hands of buyers (with diminishing supply) and head towards 150-155k level fairly steadily & easily to achieve technical "measured move" target.
There remains possibility that we get one final retracement from 150k but my own cycles analysis indicates that would be the final big discount opportunity IF it were to occur at all.
Price advancement above 100k is a SIGNAL that mass adoption is taking place globally and will lead to much higher highs. Any price dips below 100k remain discounts for institutional ownership
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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.