BTC Trend

22 nov 2021

BTC has been playing a bit recently before making huge bullish moves.. Here is my take on the next bullish pattern.. I will be publishing 2 ideas in this regard. First is the 4 HR analyses using the Fibonacci retracement and extension and the second one is the weekly chart.The fib retracement needs to stop at 61.8% or 54192.With this, a reversal needs to happen and break the current top ceiling with a huge bullish move at 38.2% or $69,303 which is displayed using the fib extension. If this were to occur successfully, then the next possible move would be to touch either 50% or $73,970 using fib extension. Now this correlates with the price that JP Morgan has mentioned in the article, forbes.com/sites/billybambrough/2021/11/04/jpmorgan-doubles-down-on-its-massive-bitcoin-price-prediction-but-adds-a-serious-warning/?sh=5a017bec4511. If the price were to move even bullish and touch 61.8% on the Fib extension then the price would touch $78,638. Again all these moves are expected to occur only when the current resistance zone would break and the price moves above it. Let's hope it does :) !!!!