Bitcoin will definitely reach 30,000 - 32,000 USDT this month, but after that the bears will try to shutdown Bitcoin, because of a massive resistance on the daily chart, so keep reading!
Why is the 30k-32k level so strong? We have 4 confluence points here, and different people will sell Bitcoin at the different levels, but they are very close to each other, so it can end up with a significant crash.
You can see the confluence on the chart, the levels are absolutely extremely strong, and it's really hard not to see any reaction here at all.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
We have seen a very positive reaction to the FOMC meeting on Wednesday, which is also important from a fundamental perspective.
My plan is simple, I don't want to short Bitcoin until we reach my specified levels. It's better to ride the uptrend with longs than get rekt with shorts. I recommend you do the same.
Look at my previous idea about "25% CRASH from this level! Be prepared." in the related section down below, very important!
From the Elliott Wave perspective, we have started a whole new bull market, and I expect this bull market to end in September 2025. How much could Bitcoin reach? 160,000 USDT or 360,000 USDT? You know my price target from my previous ideas for the long term.
Thank you, and for more ideas, hit "Like" and "Follow"!