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#Bitcoin halving is not enough to fight the fear coming from global markets and world situation. It fully copied NDX move and went down to the bottom of the range. Therefore I believe $BTC chart should be only analyzed in connection with Nasdaq (or S&P500, doesn't matter). And Stocks look very heavy on Day and Week timeframe. Short term bounce that may happen this or next week most probably won't change that situation much. So if everything stays the same, while NDX can drop to 16.5k (-7%) target for BTC is around 53k / 45k (-15/-30%). First zone is capable of fast bounce and continuation of higher timeframe uptrend. Second less predictable, but I don't think that #BTC price will ever find acceptance below 40k as it is minimum mining cost, so its kind of a floor price now. Nearest liquidity pools: above - 64290 / 66655 / 68520 / 71600 (most attractive zone) below - 61390 / 58200 / 50690 SR levels to watch PA: ๐Ÿ”ธ73881 - ATH ๐Ÿ”ธ71363 - March close ๐Ÿ”ธ69362 - week close ๐Ÿ”ธ67260 - week close ๐Ÿ”ธ66400 - week high / range middle ๐Ÿ”ธ64300 - February high ๐Ÿ”ธ63178 - week close ๐Ÿ”ธ61203 - Feb'24 close ๐Ÿ”ธ59112 - March low Trend: D โ†˜๏ธ W ๐Ÿ”ผ M ๐Ÿ”ผ ๐Ÿค‘ F&G: 65 < 74 < 72 < 72 < 79

#Bitcoin halving is not enough to fight the fear coming from global markets and world situation. It fully copied NDX move and went down to the bottom of the range. Therefore I believe $BTC chart should be only analyzed in connection with Nasdaq (or S&P500, doesn't matter). And Stocks look very heavy on Day and Week timeframe. Short term bounce that may happen this or next week most probably won't change that situation much.

So if everything stays the same, while NDX can drop to 16.5k (-7%) target for BTC is around 53k / 45k (-15/-30%). First zone is capable of fast bounce and continuation of higher timeframe uptrend. Second less predictable, but I don't think that #BTC price will ever find acceptance below 40k as it is minimum mining cost, so its kind of a floor price now.

Nearest liquidity pools:

above - 64290 / 66655 / 68520 / 71600 (most attractive zone)

below - 61390 / 58200 / 50690

SR levels to watch PA:

๐Ÿ”ธ73881 - ATH

๐Ÿ”ธ71363 - March close

๐Ÿ”ธ69362 - week close

๐Ÿ”ธ67260 - week close

๐Ÿ”ธ66400 - week high / range middle

๐Ÿ”ธ64300 - February high

๐Ÿ”ธ63178 - week close

๐Ÿ”ธ61203 - Feb'24 close

๐Ÿ”ธ59112 - March low

Trend: D โ†˜๏ธ W ๐Ÿ”ผ M ๐Ÿ”ผ

๐Ÿค‘ F&G: 65 < 74 < 72 < 72 < 79

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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