TradingView
VNSmartMoney
Jan 19, 2024 2:32 PM

It looks like BTCUSD (D) is moving towards the price support zon Short

Bitcoin / United States DollarCoinbase

Description

BINANCE:BTCUSD
It seems BTCUSD (D1) is moving towards the price support zone at 37k-38K$ with signs of a downtrend forming

Comment

Near to target
Comments
MyCryptoParadise_Simon
What do you think will be the base of the next bull run? I personally believe, we are going towards 30k and this will be the base of the next bull run. We might have pullbacks here and there but BTC will eventually move to its base target for further rally
VNSmartMoney
@MyCryptoParadise_Simon, I think we only know from time to time that there is a high probability that the price will move towards the top. From a Trader's perspective, I rarely forecast the market and comment on it. Because, after all, what we need is risk management.

From a more psychological point of view, I think the support level at around 30K is a good support level for the market to have a temporary rest. But with a strong increase, it may be necessary to monitor more purchases with large volumes that may take place.
MyCryptoParadise_Simon
@VNSmartMoney, Yes, whales will dump on the retail until we all get liquidated or bored and then start the actual bull run. Anyway, thank you for your response
VNSmartMoney
@MyCryptoParadise_Simon, You're Welcome!
VNSmartMoney
Near to target
TheGlobalTreasuryRing
Agreed,
VNSmartMoney
@Spoon911, thanks!
Savvox
@Spoon911, ^^
More