KeepyourFundSafe
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Last month, I highlighted the potential for a downside move once #BTC reached the 70k zone. However, the market fell short of this level, leaving it as an unmitigated zone. Currently, the market is approaching this unmitigated order block near 70k.
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
LIVETHE DOCTOR CRYPTOHUB
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Bearish
#BTC_MARKET_UPDATE đ¨
Last month I shared a market update & chart on SMC Concepts and there I mentioned that after the market completes 70k zone we will see a downside move from there, but unfortunately the market falls before touching 70k. As a result, it remains an unmitigated zone of the market.
Market is now moving to complete that unmitigated order block of 70k. We expect the market to reject after completing the unmitigated order block and continue to fall towards the point mentioned in my midterm market update which is 52k price range.
Last month I shared a market update & chart on SMC Concepts and there I mentioned that after the market completes 70k zone we will see a downside move from there, but unfortunately the market falls before touching 70k. As a result, it remains an unmitigated zone of the market.
Market is now moving to complete that unmitigated order block of 70k. We expect the market to reject after completing the unmitigated order block and continue to fall towards the point mentioned in my midterm market update which is 52k price range.