Total Market Capitalization Forecast:
Breakdown of structure and double bottom:
On the weekly timeframe, we see a double bottom pattern with strong support at 1.981T. A breakout of 2.207T would confirm a trend reversal to long. This adds weight to the growth scenario.
Weekly schedule:
• Support at 1.981T (EMA 50) and 1.914T (Fibonacci 0.79).
• Resistance: 2.207T and 2.42T (Fibonacci 0.27).
• Expected movement: In case of growth after breaking through the 2.207T level, the market may reach the 2.42T level. Otherwise, consolidation is expected in the 2.115T – 2.207T range with a probable correction to the 1.914T level upon breaking down.
Daily chart:
• Support: 2.053T (Fibonacci 0.5) and 1.914T (Fibonacci 0.79).
• Resistance: 2.207T, 2.42T.
• Expected movement: If support is maintained at 2.053T, the market may continue to rise to 2.207T and above. However, if this level is broken, further consolidation or correction to 1.914T levels is likely.
Conclusion:
• Probability of growth: 50-55% (taking into account a rebound from the 2.053T level and a breakout of 2.207T).
• Probability of correction: 25-30% (if the 2.053T level cannot be maintained).
• Probability of consolidation: 20% (in the range 2.115T – 2.207T).
#Bitcoin #Ethereum #BTC #ETH #MarketAnalysis #RSI Full Review ▶️
🖌 Subscribe to stay up to date with the latest news! ➡️✈️@INVESTIDEAUA INVESTIDEAUA
