Many people are interested in one question: what expect from Bitcoin in the medium and long term?🧐
Many of Us are afraid of the falling of Bitcoin, some are waiting for 100k🚀
In any case, each trader is responsible for his own decisions.
You always need to think through all the possible options. And for each option, you should have several plans (at least A and B). That way, if the market goes against you, you will be ready for it!
What would I like to say with my analysis?
First of all, cheer You up with a meme (Can I do it differently? Haha)😂🤣
Speaking seriously, having analyzed the price movement many times, I can conclude, that while the price is expected to rise to 56k ( for a more accurate result, stay tuned for new updates, I try to do it as often as possible).
The very important level 47k has been broken and for now we're moving up to 52-54-56! (while we are moving, we need to pay attention to which patterns we'll form)!
I wanna remind You my comparative analysis🤫
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I'm so glad, that You are with me♥️
And I'm always sincere with You Your Rocket Bomb🚀💣
@FallingWedge, Doesnt make me too convinced of continuation without bigger drop than previous ones. Anyway it will be strange if it ignores the divergence.
1D TF bearish divergence from July 30 on RSI overbought zone and losing momentum could indicate a correction to come. An important support area around 46300-44300. If 46300 does not support, chances are to go lower.
ferGOD
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Hello
ferGOD
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Bottom Line: Higher against 43935
Outlook: Anticipating a push into the 53 - 58k range against 43935 with an ideal target at 58827.
ferGOD
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With the print above 49390, it suggests wave ii is likely complete at 48158, and BTC is subdividing higher in wave iii. If a third-of-third is in progress, we expect to see BTC remain above 48158 and move swiftly higher in five waves over the coming sessions to complete an impulse wave iii.
It will require a print below 48158 to signal a flat is unfolding for wave ii, as per the alternate.