BTC: THE 47K BREAKOUT VIEW by 2023
This update demonstrates the price action trend of BTC, indicating potential future movements and possible breakout points.
The price action at 29,600 suggests a high likelihood of BTC breaking out toward the target of $31,000 and the price action further to $40,000
From a technical perspective, it appears that 47,000 could be a significant target in the near future. We observe a similar pattern to the previous surge at the end of 2020 and the beginning of 2021 as the chart shows.
The bullish trend consistently produces noticeable effects. Once the actual breakout commences, we can expect increased movement in the price action, along with higher trading volume.
We expect that this can be the start of a new higher volume on the price action of BTC.
Out of this, there should be always a plan, markets can show unexpected views.
Further BTC can have more effect in the coming time, than most of the altcoins.
The price action at 29,600 suggests a high likelihood of BTC breaking out toward the target of $31,000 and the price action further to $40,000
From a technical perspective, it appears that 47,000 could be a significant target in the near future. We observe a similar pattern to the previous surge at the end of 2020 and the beginning of 2021 as the chart shows.
The bullish trend consistently produces noticeable effects. Once the actual breakout commences, we can expect increased movement in the price action, along with higher trading volume.
We expect that this can be the start of a new higher volume on the price action of BTC.
Out of this, there should be always a plan, markets can show unexpected views.
Further BTC can have more effect in the coming time, than most of the altcoins.
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