BNC:BLX   Bitcoin Liquid Index
Now we have the 200 EMA on the 2 weeks' time frame companied with the lower support line of the channel that make very strong support level, and with the current world economic circumstances the movement to upside will be very slow.
We have to touch the heavy resistance of the 20 EMA and 50 EMA first then will back test the 200 EMA again then break the 50 EMA at 30k and holding there for a while upto 50k.
The real movement will start with the beginning of March 2024 which will start our bull market and this will take around 550 days to reach the target between 320-440k at first of september 2025.

Let's hope this will go like the above scenario without any upcoming world war :D :D

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.