BitcoinLong
Bitcoin Long Term Price Projection (Technical Perspective)
Weekly Perspective
(2 August 2021) Price has break and closed above $41,000 and retest the same level with a strong bullish bounce and hit all time high again on (18 October 2021). Now we are currently on weekly retracement, price retrace from $65,000 and retest the $41,000 where a level of interest for buyer can be seen on the past few months ago. A double bottom is forming, to confirm the validation of chart pattern we need to see a changing in structure from bearish to bullish on lower timeframe which can be observe on daily timeframe. If price fail to hold $41,000 I expected a further down in price movement to the $30,500 and bounce back to $65,000.
(2 August 2021) Price has break and closed above $41,000 and retest the same level with a strong bullish bounce and hit all time high again on (18 October 2021). Now we are currently on weekly retracement, price retrace from $65,000 and retest the $41,000 where a level of interest for buyer can be seen on the past few months ago. A double bottom is forming, to confirm the validation of chart pattern we need to see a changing in structure from bearish to bullish on lower timeframe which can be observe on daily timeframe. If price fail to hold $41,000 I expected a further down in price movement to the $30,500 and bounce back to $65,000.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.