I'm waiting that price can reach upside of range. If BNB will break it, we will have good signal to open long position. Resistance (525.00) can be our main target for now.
My own analysis (and many, many others) indicates 31k - 30k. However on a different plot, I came up with 29k - 28k.
BTC needs to clear 43k/44k to be sure it is going upwards.
FOMO_Trader
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@esorlegin, all depends what bitcoin (Elon) say :D
esorlegin
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@FOMO_Trader, Yep, forget the other coins - BTC leads the way and others follow. I am using BTC to plan buy levels for a few coins.
Musk (or another celebrity or politician) could rock the boat - but that is so unpredictable and nothing we can do about that - any chart analysis is invalidated under those circumstances.
However, I do beleive that it is against the best interest of whales, financial institutions and Musk for BTC to go to low - the recovery time, lack of market confidence, scaring away new investors (retail & big business) would be devistating.
The fear a low, low would generate would reduce the money coming into and cause the whole crypto market to go into 'lockdown' (winter). So, I think the lowest low would be 25k. But I think 29/30 k is more likely.
My own analysis (and many, many others) indicates 31k - 30k. However on a different plot, I came up with 29k - 28k.
BTC needs to clear 43k/44k to be sure it is going upwards.