Bitcoin's Week End Decision | Comment: 28k, 36k or 44-50k? Long

BITSTAMP:BTCUSD1W

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jul 24, 2022 9:26 AM

The critical resistance to take over for Bitcoin to continue growing is the MA200 black line, our historical support. (

)

The weekly candle closes in 14.5 hours and we have one question left after a successful bullish close.

Will Bitcoin stop at $28,650, our conservative target or,
Will it go all the way to $36,000, a must-to-be tested level or,
Will it get even better and hit $44,444 fast and strong!

What's your take?

Please share in the comments section.

We say 28.6K easy.
We say 36K high probability...

44k to 50k we are not so sure, we will have to wait and see for this one.

How about you, how far up do you think Bitcoin will go once we are over with this consolidation and the bulls finally put pressure on the charts?

Namaste.

Comments

shad_0

⋅ Jul 24, 2022 5:34 PM

36k end of next month

deepak20c

⋅ Jul 25, 2022 11:25 AM

25K + this weekend

ZoltanP

⋅ Jul 24, 2022 1:05 PM

Hi Alan,
I am
Looking at your chart and we had a similar 2-3 weeks move in January which was followed by a 3 weeks downtrend. What do you think about that?

AlanSantana

⋅ Jul 24, 2022 4:35 PM

@ZoltanP, It is the first time MA200 is being challenged as resistance ever.

It is the first time MA200 works as support since March 2020.

No similarities there.

ZoltanP

⋅ Jul 24, 2022 5:26 PM

@AlanSantana, Thank you Alan, I hope that you are right.

MI7070

⋅ Jul 24, 2022 12:26 PM

34K to 36K.

AlanSantana

⋅ Jul 24, 2022 4:35 PM

@MI7070, Thanks fro sharing.

DeboraMilano

⋅ Jul 24, 2022 5:33 PM

Thank you Alan