👉 Yesterday I Shared a #BITCOIN Long Position But Two Hours Later I Closed That Long At The Entry Point Because After CPI I Expected a Strong Move But CPI Positive News Didn’t Had Much a Effect On The Market And It Means Still Bulls Didn’t Enter The Game, Let’s Talk About Current Situation
📉 Clear Corrective Structure Formed At The #BTC Chart, We Have a Rising Wedge By The Clear ABC Structure And At 1H Timeframe Strong Bearish Hammer Formed At The Chart, Also At Higher Time Frame There Is Head And Shoulder
🎯 Totally I Think Still Bearish Scenario Is More Probable And Leg Down To The 49k And 44k Is a Next Move I Expect For The #BITCOIN
Analysis: Bitcoin is showing a potential upswing towards the resistance line of the upward channel. The recent dip within the channel has resulted in a bounce back. However, be cautious as a further drop might be on the horizon before any significant rise.
Price Targets: If the upward momentum continues, expect Bitcoin to test the resistance around $59,000 (TP1). Conversely, a decline might lead it toward the support near $54,800. Keep an eye out for these key levels!
Analysis: Despite recent turbulence and altcoin struggles, the chart shows Bitcoin steadily climbing within a bullish market channel. Past fake breakdowns and breakouts suggest resilience. Pump 3 indicates a strong upward movement, aligning with my confidence and bullish stance.
Price Targets: Short term, I foresee Bitcoin reaching $100K by Christmas. If momentum continues, further targets at $123K to $150K are achievable. Current support sits around $52K with immediate resistance at $73K. Stay positive; the trend is your friend!
#BTC About BTC it's hit 69000$ and dumped by 10000$ in 1 day and it's not a big deal as it was in double top formation after rejection again and again but the dip is for healthy growth the good thing the whole bull run is still waiting for you. Stay tuned for huge profits and always have dip entry while people afraid.