Here’s my take on Bitcoin's current movement, as of September 21st. Many people are excited, saying a new BTC wave is coming, and I’ve checked the charts myself.
Looking at the weekly chart (pic 1), Bitcoin still seems stuck in a range, fluctuating between $68K and $52K. It’s uncertain whether it will break upwards or downwards. Analysts come up with different predictions due to using different methods and information. Personally, I see 6 possible outcomes. So, as long as Bitcoin stays in this range, it's too early to predict anything definitively.
For short-term trading, let’s focus on the 15-minute chart (pic 2). Right now, Bitcoin's price movement looks positive. It's broken out of the downward trend line, but is in the middle of a retest. There's a 50% chance it could first drop to around $62,766 before moving up again, aiming for $63,542 or $63,705. Alternatively, there’s a 50% chance it skips the retracement and goes straight up, still targeting $63,542 or $63,705.
Hope this helps, and happy trading! 🌞#Write2Earn! #BTC☀ #Write2Earn! #bitcoin☀️ #Write2Earn!
