$BTC Bitcoin forecast 📈
Dear traders and investors! 💰
I want to share my thoughts on the current situation in the Bitcoin market, based on technical and fundamental analysis, as well as various indicators and charts from TradingView. 📊
Previously, I predicted that the price of Bitcoin would reach $98,500. After that, a pullback is possible. At the moment, according to my analysis, I have recorded a bounce at $97,500 and re-entered the market. This level represents an important psychological mark and coincides with Fibonacci retracement levels, which enhances its significance as a support area. 🔍
Technical analysis 🔧
The chart shows the formation of an upward trend, confirmed by the MACD indicator and signal crossovers. This suggests a potential continuation of the upward movement. It is also worth noting the trading volumes, which have started to increase, confirming the strength of the current momentum. 📈
Bitcoin chart with indicators (example chart, replace with actual)
Expected correction 🔄
I expect the price may rise to the level of $101,000 – $102,000. However, after reaching these levels, a correction is likely to follow. Based on the analysis of the RSI (Relative Strength Index), overbought conditions are observed, which may signal an imminent correction. However, I do not believe the price will drop below $90,000. We have already surpassed this level, and as history shows, the price of Bitcoin rarely breaks the daily average line, which is currently significantly above $90,000. 📉
RSI chart and support levels (example chart, replace with actual)
The importance of independent analysis 📊
I want to emphasize how important it is to conduct your own analysis and make informed decisions. Use tools like Bollinger Bands, Stochastic Oscillator, and Volume Profile to gain a deeper understanding of market dynamics. Trading requires not only knowledge but also the ability to control your emotions. Curbing greed and understanding your financial goals are key aspects of successful trading. 🧠
If your goal is to 'hit the jackpot' and quickly exit the market, this may lead to disappointment. It is best to approach trading as a job, setting realistic goals and expecting steady income. Remember that luck in trading is not a constant factor, but rather a rare occurrence, similar to playing roulette. 🎰
Conclusion 📌
I wish everyone good luck in trading and remind you that every trader must take risks independently. Be careful, analyze the market, and approach trading wisely! 💡
Have a good trading day! 🌟
