BTC to 33k in a week and then within month to 100k

24 apr 2021

Looking at the longer 1D timeframe and comparing the charts it looks like BTC could be heading to test 33k. That would also be the 50% correction many of us in the trading circle has been estimating. Should it do that, we could get on a sharp bull and reach near 100k within month from that. In this bull run we haven touched EMA200 like we did on the 2017 - 2018 bull run. It's time we take some speed from below EMA200. On the lates short position contracts closing bears are winning and it seems the volume is only getting higher. This could indicate that the bears have what it takes to push BTC to 33k. That would be exciting opportunity to take leveraged position and ride towards fat profits. Not yet taking a short position and if I do, I would close it at 44k level and wait to see. It might be that the bears won't have the power to push it below that. Following carefully where the situation develops.


Not a financial advice. Just an idea.