I am personally targeting 30K with a probable Wyckoff-styled accumulation pattern (price might break through 30K to 28K however there should be a rejection of the support breakthrough). Price has broken through the ascending wedge so I hope that your (our) predictions are right!
@TehranCrypto BTC looks very bearish, but Tether printed $1 billion today and $2 billion last week, also Coinbase printed $4 billion USDC in the last 15 days, look at their market cap grow. So if they keep buying and keeping it, it will be less BTC on exchanges to sell? Maybe we will see a bullish squeeze or a quick sell off!
TehranCrypto
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@TWIMARKETCAP, If daily MA200 allows, the price can reach 46,700 in the first step.
TWIMARKETCAP
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What about the H&S that is right in the middle? Targeting the 46K area. Also Tether printed 2Billion in the las week. The bounce might be higher before more dropping?
Great work on the analysis!