$BTC #bitcoin has been giving investors rewards for over an year now. How do we know when to buy $BTC though?
The best time to buy $BTC was the week starting 9th Jan 2023.
And the second best time was the week starting 23rd October 2023.
Now that doesn't mean there won't be any other opportunity in the future.
Further, the first rejection at the levels of 65000 came in the begining of May 2021 and then again, mid Nov 2021 saw the rejection at around 67000. So the probability is that there can be another rejection around the same price point. However, the interesting twist in the take is this time's consolidation between 60000 & 70000 seems rather prominent High Tight Flag and that means if we see a Breakout at about 73800 and that might take the market up another 66% to reach the levels of 120000 (the length of the flag pole).
Any of this is merely a probability, as there is no certainty in the market.
If you have any other convincing perspective that is helpful, kindly comment below and I might include it in my next article or update this one, if possible.
#TechnicalAnalysiss #TradingStrategiesš¼š° #BullorBear #Indicators
