BTC has failed many times now to breach above $45K…>last chance to make a major move is NOW. Next 2-3 Days will be huge deciding moment. Here are my bullish projections:
Consolidate lower to
41K - $40K area
BLASTOFF to $47K —>
46K new resistance
If Retest Confirms…..Bullish to
52K —> $60K —> $70K —> $100K
If Retest Fails….Bearish to $28K - $20K
I will be planning on entering LONG position around $40K although we do seem to be approaching support at41K showing pushback. Perhaps further liquidation to gain buying momentum. Optimistically, we should see a pump and then 50% retracement. I’ve noticed when BTC goes up by X amount, it almost always goes back down 50% on BULLISH runs.
Best of luck traders, the world is adopting bitcoin faster than we know. It’s only a matter of time before mainstream wave pushes Bitcoin into PARABOLIC mode.
Consolidate lower to
41K - $40K areaBLASTOFF to $47K —>
46K new resistanceIf Retest Confirms…..Bullish to
52K —> $60K —> $70K —> $100KIf Retest Fails….Bearish to $28K - $20K
I will be planning on entering LONG position around $40K although we do seem to be approaching support at
41K showing pushback. Perhaps further liquidation to gain buying momentum. Optimistically, we should see a pump and then 50% retracement. I’ve noticed when BTC goes up by X amount, it almost always goes back down 50% on BULLISH runs.Best of luck traders, the world is adopting bitcoin faster than we know. It’s only a matter of time before mainstream wave pushes Bitcoin into PARABOLIC mode.
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