BitcoinLong
BTC OUTLOOK
BTC OUTLOOK
Price Movement Analysis:
The recent price action aligns with our previous forecast. The following scenarios outline potential price movements for Bitcoin (BTC).
Bullish Scenario:
Sustained price levels above 64000 are indicative of a continuation of the bullish trend, with upward targets at 71000 and 75000. In the event of a pullback, a retest down to 55000 may occur before the resumption of upward momentum.
Bearish Scenario:
A confirmed bearish trend requires a price breakdown below 53000, followed by consolidation with a 4-hour or 1-hour candle closing below this level. Such a movement could lead to further declines towards 55000. Subsequent stabilization below 51217 may precipitate a drop to 42212.
Price Movement Analysis:
The recent price action aligns with our previous forecast. The following scenarios outline potential price movements for Bitcoin (BTC).
Bullish Scenario:
Sustained price levels above 64000 are indicative of a continuation of the bullish trend, with upward targets at 71000 and 75000. In the event of a pullback, a retest down to 55000 may occur before the resumption of upward momentum.
Bearish Scenario:
A confirmed bearish trend requires a price breakdown below 53000, followed by consolidation with a 4-hour or 1-hour candle closing below this level. Such a movement could lead to further declines towards 55000. Subsequent stabilization below 51217 may precipitate a drop to 42212.
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