WHAT CAN BE THE NEXT MOVE OF $BTC ? CONSIDERING MULTIPLE SCENARIOS.
- As of today BTC went above 62k
- Filled CME gap
Catalysts:
- Russia legalized crypto mining
- Unemployment data claims came lower than expected!
- $XRP is not a security anymore, SEC's Lawsuit ended
Predicting Next Move:
- On a 1hr time-frame BTC breaks the Bearish flag upside & invalidate the pattern formation.
- A little correction after rejecting from a $63k local resistance
- Now on a trendline consolidating.
Scenario 01:
- If it bounces from here we can see it reaching above $65k, because there we have a bunch of liquidity on upside direction.
Scenario 02:
- If it breaks down to the bearish flag , then we can see it at $57k - $58k range again
- Because on downside this range posses most of the liquidity.
Scenario 03:
- On weekly time-frame we have a most bullish candle, that signals the more upside movement in upcoming days
Scenario 04:
- $BTC Dominance is forming a bearish flag and it's on trendline resistance, rejection will cause decline in BTC value to $58k -$57k range
CONCLUSION:
After the consideration of all above scenario the BTC is most likely to correct to $58k-$57k,Then it will continue the pump again
Fundamental can take command if any bullish news releases
& It can surge dirctly to $65k
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