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BTC/USDT
After the price hits the range of $ 32,000 with a huge delay and the formation of a time correction pattern in the range of $ 32,000 - $ 39,000, finally, with the break of the ceiling, the created pattern is in the range of $ 42,000.
By looking at the 1-hour time frame and relying on the previous analysis, the current movement can continue up to the range of $ 50,000- $ 53,000, but even if a bullish wave is formed, the overall market trend will continue to decline and as long as the price is around the $ 53,000 range. If not passed, the bigger downturn scenario is still valid.
The estimated time for the uptrend is about 20 days and it is expected that with the completion of this period, the price will reach the resistance range.
Also, in case the price falls again and penetrates below the $ 39,800 range, the presented analysis will lose its validity and will be updated again.
After the price hits the range of $ 32,000 with a huge delay and the formation of a time correction pattern in the range of $ 32,000 - $ 39,000, finally, with the break of the ceiling, the created pattern is in the range of $ 42,000.
By looking at the 1-hour time frame and relying on the previous analysis, the current movement can continue up to the range of $ 50,000- $ 53,000, but even if a bullish wave is formed, the overall market trend will continue to decline and as long as the price is around the $ 53,000 range. If not passed, the bigger downturn scenario is still valid.
The estimated time for the uptrend is about 20 days and it is expected that with the completion of this period, the price will reach the resistance range.
Also, in case the price falls again and penetrates below the $ 39,800 range, the presented analysis will lose its validity and will be updated again.
Nota
Short-term view in 1 hour time frame ...
According to the analysis at noon today, bitcoin moved to 45,500 and reacted to this range and again stabilized around $ 46,400.
In case of loss of $ 43,500 range, the bitcoin loss limit, which was announced in the previous analysis, will be activated.
In case of failure of the above short-term trend around $ 47,100, the presented analysis will lose its validity
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Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/CryptoClub_Technicalanalyst
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