Bitcoin has been trading between $60-70k region since March 1st.
This is the 3rd time we are bouncing off of support (green shaded area) near $60k.
As long as we don't break below the $61k support zone, BTC should pump from here back towards the $70k resistance region (red shaded area).
If we close above the ATH BTC will likely pump to the $80k region pretty quickly.
If we fall below $61k, BTC will probably make an aggressive move down to $48-50k region first, before we pump to a new ATH.
The price action right now is very similar to what happened after we hit the last ATH in April of 2021, so we may see a double top formation as we did then.
Furthermore, the last 3 times we bounced off of the support zone (the green shaded area) the price recovered by 13-15% in 3-7 days. So if history repeats itself we should see BTC price back around $70k or higher by Sunday April 21st and if we break resistance (the red shaded area) we will likely be shooting for a new ATH.
Summary:
LONG BTC if price is above $61k
SHORT BTC if price falls below $$61k
This is the 3rd time we are bouncing off of support (green shaded area) near $60k.
As long as we don't break below the $61k support zone, BTC should pump from here back towards the $70k resistance region (red shaded area).
If we close above the ATH BTC will likely pump to the $80k region pretty quickly.
If we fall below $61k, BTC will probably make an aggressive move down to $48-50k region first, before we pump to a new ATH.
The price action right now is very similar to what happened after we hit the last ATH in April of 2021, so we may see a double top formation as we did then.
Furthermore, the last 3 times we bounced off of the support zone (the green shaded area) the price recovered by 13-15% in 3-7 days. So if history repeats itself we should see BTC price back around $70k or higher by Sunday April 21st and if we break resistance (the red shaded area) we will likely be shooting for a new ATH.
Summary:
LONG BTC if price is above $61k
SHORT BTC if price falls below $$61k
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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。