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It's Big & Big #Prediction About $BTC by Bitcoin Analyst @Zain-Ashfaq

Bitcoin analyst warns of ‘Bart Simpson’ pattern and BTC price correction

Bitcoin (BTC) has broken out of the $60,000 psychological level, regaining the price region above this mark.

Following a volatile three-day price action, analysts expect the leading cryptocurrency to present a “Bart Simpson” chart pattern, correcting downwards.

In particular, the crypto analyst and trading expert who goes by the pseudonymous CrypNuevo has drawn his Bitcoin price prediction.

This projection comes in the form of CrypNuevo‘s weekly “Sunday Update” and sets the plan for this trading week.

The analyst expects a week primarily driven by very short-term price action, liquidation imbalances, and low time frame technical analysis.

As he said, “We have a nice trading week ahead,” considering the “economic calendar is quiet.”

$BTC Sunday update:

We have a nice trading week ahead – economic calendar is quiet.

Liquidity targets, like this wick in the 15min time frame, and PA patterns will dominate the market this week.

Bitcoin wick-filling strategy and liquidity pools

First, the trading expert refers to his known wick-filling strategy and liquidity pools for other traders as leading indicators.

These concepts are a usual part of CrypNuevo‘s trades and have a high accuracy rate, as Finbold has previously reported.

In this case, Bitcoin’s 15-minute price chart has a wick topping at $65,000, which could act as a magnet. However, the most likely target is at the 50% filling of the wick, at around $64,750.

The analyst believes BTC will first move upwards, liquidating idle “sell” orders, stop losses and Bitcoin short-sellers.

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