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#BTC Upade
A little late about the update today.
Price of the bitcoin is showing us a high conviction play which price has shown us a strong claim back above the $65k region as a support.
With this high conviction play, I'm very confident that the price will show us further gain to the area of $72k and my end target of $76k.
However, the current price action is showing us that the volume is still low and the liquidation in the short position is still very stable which we need to anticipate.
Maybe 1 last flush of the long position before we see further inflow to the market as well. Still don't know yet but based on the structure, BTC is very strong.
LIVENoMA - effect
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Рост
#BTC
We saw a dip upon retesting 67K, where the 12-hour MA100 and the Ichimoku Cloud are located not the best signal, as I mentioned earlier. So now we're keeping an eye on another test of the main support zone within the range of 62-60K.
A breakthrough could signal the start of a serious mid-term market correction, with a decline towards 56K, and in the worst-case scenario, towards 50K. That's where the next important supports lie: the MA200 and the psychological level.
But a retest of the support zone before a full bounce to 72K happened last time as well. So there are still chances for growth and continuation within the sideways range.
We're observing which side gains dominance: buyers or sellers. The only concern right now is that we've fully breached the Ichimoku Cloud on the 12-hour chart
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Scammers Disclaimer:
I do not accept investments nor operate any investment schemes.
Please safeguard your funds and refrain from transferring money to anyone claiming otherwise.
------------------------
Disclaimer:
This post is for educational purposes only and I am not your financial adviser. It is not financial advice. Please always conduct your own research and analysis before investing in any cryptocurrency or relying on the information provided. The content is based on data available as of [current date], and market conditions may change rapidly. Invest wisely and consider your risk tolerance before making any investment decisions.
#BullorBear
#nomaeffect
#maahicrypto
#BTCHalvingApril2024
We saw a dip upon retesting 67K, where the 12-hour MA100 and the Ichimoku Cloud are located not the best signal, as I mentioned earlier. So now we're keeping an eye on another test of the main support zone within the range of 62-60K.
A breakthrough could signal the start of a serious mid-term market correction, with a decline towards 56K, and in the worst-case scenario, towards 50K. That's where the next important supports lie: the MA200 and the psychological level.
But a retest of the support zone before a full bounce to 72K happened last time as well. So there are still chances for growth and continuation within the sideways range.
We're observing which side gains dominance: buyers or sellers. The only concern right now is that we've fully breached the Ichimoku Cloud on the 12-hour chart
-----------------------------
Scammers Disclaimer:
I do not accept investments nor operate any investment schemes.
Please safeguard your funds and refrain from transferring money to anyone claiming otherwise.
------------------------
Disclaimer:
This post is for educational purposes only and I am not your financial adviser. It is not financial advice. Please always conduct your own research and analysis before investing in any cryptocurrency or relying on the information provided. The content is based on data available as of [current date], and market conditions may change rapidly. Invest wisely and consider your risk tolerance before making any investment decisions.
#BullorBear
#nomaeffect
#maahicrypto
#BTCHalvingApril2024
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