The one thing that annoys me about Tradingview is people over-analyzing everything, using 20 indicators and making a messy chart nobody understands.
Unless you are a day trader, keep it simple and zoom out a bit to see what's going on. I've seen claims BTC will drop to 30-35K following the recent dip, and charts that predict 500% gains in a couple of weeks.
If you look at the chart it is quite clear BTC is consolidating at the moment. We are ranging between 44K and 60K, with some outliers. 48K Looks like a strong support for now. And yes, we could see a drop below 44K if f.e. Elon decides to tweet again, but seeing how quickly these dips are being bought this will probably be short lived. Right now I do not see any sign we will break this consolidation to either side. I wouldn't be surprised to see BTC in this range for the next 2-3 months.
Unless you are a day trader, keep it simple and zoom out a bit to see what's going on. I've seen claims BTC will drop to 30-35K following the recent dip, and charts that predict 500% gains in a couple of weeks.
If you look at the chart it is quite clear BTC is consolidating at the moment. We are ranging between 44K and 60K, with some outliers. 48K Looks like a strong support for now. And yes, we could see a drop below 44K if f.e. Elon decides to tweet again, but seeing how quickly these dips are being bought this will probably be short lived. Right now I do not see any sign we will break this consolidation to either side. I wouldn't be surprised to see BTC in this range for the next 2-3 months.