This analysis is an update of the analysis you see in the "Related publications" section
Are Bitcoin's mid-term targets still valid?
First of all, please review the previous analysis
In our last analysis, we mentioned that if there was any drop, it would likely be towards the resistance line that had been broken, and we identified the pullback zone around the 77K channel.
Now, based on the available data, the pullback has been successful, and Bitcoin's target is to move toward the 130-140K range. A 3D pattern has formed, and the third drive could complete within this range, after which Bitcoin may enter a corrective phase.
But what about the second target | 250K?
Why are we considering this target? There are several reasons:
First, the bullish wave in gold was preventing capital from flowing into cryptocurrencies, especially Bitcoin. Now, gold is reaching the end of its bullish wave, which could lead to significant liquidity flowing into crypto and Bitcoin.
Second, Bitcoin's channel structure remains very bullish. If substantial liquidity enters the market, not only could the 250K target be achieved, but Bitcoin might even reach higher levels.
Are Bitcoin's mid-term targets still valid?
First of all, please review the previous analysis
In our last analysis, we mentioned that if there was any drop, it would likely be towards the resistance line that had been broken, and we identified the pullback zone around the 77K channel.
Now, based on the available data, the pullback has been successful, and Bitcoin's target is to move toward the 130-140K range. A 3D pattern has formed, and the third drive could complete within this range, after which Bitcoin may enter a corrective phase.
But what about the second target | 250K?
Why are we considering this target? There are several reasons:
First, the bullish wave in gold was preventing capital from flowing into cryptocurrencies, especially Bitcoin. Now, gold is reaching the end of its bullish wave, which could lead to significant liquidity flowing into crypto and Bitcoin.
Second, Bitcoin's channel structure remains very bullish. If substantial liquidity enters the market, not only could the 250K target be achieved, but Bitcoin might even reach higher levels.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。