Hello guys
I'm taking part in the Price Prediction Challenge campaign. Price prediction $BTC August 8 at 06.00 WIB in my opinion is = $60,470
The reasons why I think it will reach that price, based on my analysis:
- In my opinion, the daily timeframe has experienced a shift structure which was previously bullish and has experienced a reversal to become bearish
- 4H timeframe where the previous value should not be broken to maintain Bullishness, namely the $64,000 area, managed to close the candle below it, for the next few days there will likely be a pullback
There is also a possibility that $BTC will carry out a price liquidation of -+ $65,500 and will fall again after carrying out the liquidation, the overall structure of BTC will experience a shift to Bearish
- In the next few days there will be no news red folder which means the market will be boring or there will be a move in 1 or 2 days
- $BTC will experience a pullback first upwards then continue to decline, or worst of all will immediately continue to decline
- There are several areas that will become resistance if you want to return to the bullish path, such as 63,600, 64,800 and 66,800. If you successfully close the 4h candle above 66,000 you can reconsider.
- The area that can be monitored for entry, in my opinion, is around the price of $63,600 by paying attention to whether there will be a shift on a small time frame. If there is a shift, you can continue or follow the bearish trend again, or as before, you will liquidate first and go Short
In my opinion, based on price considerations, it is very possible for it to return to below $60,000 so it needs to be looked at again and reconsidered before making a buyback.
Previously, all the articles above were only based on my personal opinion. I hope that readers will re-analyze and only believe in their own personal abilities.
