Bitcoin made a serious correction, I'm glad. The price remained above the EMA50 over the week period. In this collapse, the price touched its upward trend; March 2020, October 2020 and May 2021. The price came in an uptrend 7 months apart. With this logic, it will rise towards the end of the year and will seek support from the rising trend again in December. If the bull season ends, I think it may be the result of the upward trend break at the end of the year.
The price is currently around $36000 and moving up. There is significant resistance at $ 40,500. It would be nice if it closes above $ 40,500 weekly. Then we will continue with $50,000, $59,000, $70,000, $89,000 and $122,000.
My Bitcoin target is 122,000 dollars at the end of the year.
The price is currently around $36000 and moving up. There is significant resistance at $ 40,500. It would be nice if it closes above $ 40,500 weekly. Then we will continue with $50,000, $59,000, $70,000, $89,000 and $122,000.
My Bitcoin target is 122,000 dollars at the end of the year.