Yesterday in the BTC market made all cryptocurrency investors nervous. The sellers managed to break the range of $30700-31300 and test the mark of $29150. During this fall, other coins followed bitcoin.
However, this fall has shown which coins are really interested in investors and which are willing to keep. For example, or quickly lost lost price ranges.
In our previous BTC idea, we expected a false breakdown the range of $30700-31300: If in the range of $30700-31300 buyers passively bought BTC, then below the range we see increased volumes. This fact shows that buyers have waited for a reasonable price to enter the position for the medium term.
Therefore, our target of$35,700 is relevant. Therefore, our $ 35,700 goal remains. The first hurdle that could turn the price of BTC back to $30700-31300 is the range of $33400-34000. When the price reaches this range, we will release a new idea to choose a more realistic scenario. ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
upside target hit, great job, now we should see a retracement, on the daily timeframe we have just created a nice W formation, so if we will start to lose the bullish momentum, we can definitely start a nice retracement