BTCUSD might be ready for a correction to 40.000 USD
Technical Price target if BTC confirms the "Inverted Cup Pattern" would be 37.500 USD. Which is also a 200 EMA.
In case BTC confirms a break out below 51.000 on a daily - preferably weekly, BTC might likely to fall all the way to 42.000.
Which also would be the 62,8 Fib Level - which was also strong resistance/support level from Jan 7th and Feb 28th.
Buckle up guys and give it a like!
In case BTC confirms a break out below 51.000 on a daily - preferably weekly, BTC might likely to fall all the way to 42.000.
Which also would be the 62,8 Fib Level - which was also strong resistance/support level from Jan 7th and Feb 28th.
Buckle up guys and give it a like!