Skill-Knowledge-Conduct

Bitcoin X Right Prices for Short.

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin X Right Prices for Short.

Since BTC confirmed a support for week 1, April and March 14th this Equal to moving higher, based on the April and March we should see the following prices for the next coming days. We first calculate early April.

Retest : There are 3 area need to hold the Retest:

$67,843.90

$68,143.21

$68,567.22

If it doesn't then do expect at some point during the April period.

One way or other the below price will happen:

New Support = $73,833.48

$73,860.06

$74,494.37

$74,677.03

$74,899.60 Follow by $75,625.85

Distribution price = $76,448.94

Market will take a short break.

Comment:
Bitcoin Next Prices with more accurate:

Moving pretty much normal, It had to tidy up the April week 1 data as some incorrect data was require to do the Retest. Still watch for 3 area as they are hiding and sometime hard to see them, They are mentioned at the end.

If doesn't go to this low level then do expect to come back at some point. One way or other next prices are already confirmed as follow:

New support = $69,858.25 Follow by $69,858.25.

$70,255.58

$70,274.45

$70,384.44

$70,662.32

Distribution Price = $70,823.43

Area to watch out for as 3 area still need a visit:

$68,218.05

$65.732.32

$66,825.73


I will revisit after the above prices.
Comment:
Bitcoin next Distribution prices as follow:

$70,495.77

$70,663.44

$70,911.03

$70,770.29

$71,993.28

$73,228.41

$72,570.06

$72,135.55
Comment:
Bitcoin Next X Right Prices for week 2, April, 2024 :

$71,640.36

$71,830.60

$72,157.79

$72,283.63

$72,598.23

New Support = $72,862.49

Distribution price = $72,952.15 Follow by $73,143.81, $73,328.16.

Market will take a short break from here.
Comment:
Based on my previous numbers on the 9th, April, I mentioned BTC require to revisit 3 prices before make a higher as early April retest was not done correctly . Now we will expect the following before main descending.

New Support = $73,318.04

$73,976.69

$74,812.49

$74,956.34

$75,202.79

$76,400.79

$76,864.45

$77,219.18

$77,447.20

$77,763.37

April Distribution = $79,774.24 Follow by $80,456.36.

From here prepare for Descending as market will slow down until Mid Jun for the following reasons:


1) During Jan Period BTC made some wrong moves, Expect the price to come down at some point to $39,428.43 & $40,305.19 & 42,045.79, $42,329.64.

(2) Feb did the same, the market was required to revert to the level of $43,888.67, $43,703.11, $48,079.89, $49,467.66, $50,774.75, $51,442.51.

(3) During March did the same, need to come back to the level of $66,115.79.

Conclusion:

The market never just drops to the lowest 39K range but, it will first need to come and finish the mid-cycle, meaning, during 3rd week of April, expect a drop to $50,774.75, $51,442.51 first, then will start again during 3rd week of June and will do one more cycle. Potentially, during quarter 4, 2024, or early 2025 BTC will face a repeat cycle and expect a drop as low as mentioned above.
Comment:
Bitcoin Next Prices with Distribution price:

$67,469.86

$67,879.19

$67,928.19

$68,093.30

$68,119.51

$68,232.79

$68,342.19

$68,589.82

$69,026.52

$69,243.19

$69,735.26

$70,169.22

$70,383.44

$70,885.33
Comment:
BTC:

Next support =

$63,963.71

$64,085.42

$64,485.32
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.