BTC/USDT: Is Now the Time to Bid?
On the weekly timeframe, the price action of the previous two candles shows serious rejection from the 40-Day EMA. With the monthly candle likely to close above $60,000, the overall market sentiment remains very bullish.
The price of BTC/USDT is currently sitting around $64,000, and I wouldn't bet on it going lower than this. We see a confluence of horizontal structure with the 7- and 13-Weekly EMAs just crossing up at around $64,000. The daily timeframe shows a similar pattern. This appears to be the perfect time to enter, in my opinion. Big moves are around the corner; I can feel it. A price of $88,000 for BTC is very likely to happen in the next few months.
The price of BTC/USDT is currently sitting around $64,000, and I wouldn't bet on it going lower than this. We see a confluence of horizontal structure with the 7- and 13-Weekly EMAs just crossing up at around $64,000. The daily timeframe shows a similar pattern. This appears to be the perfect time to enter, in my opinion. Big moves are around the corner; I can feel it. A price of $88,000 for BTC is very likely to happen in the next few months.
Nota
BTC is bouncing off very nicely from our bidding zone, but we're not in the clear yet. I'll be happy if we close this week above $67,000.Nota
Updated this idea on my new post!
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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.