CryptoPatel

Bitcoin Is Ready to $87500 and Why..? Don't Miss this Update

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
#BTCUSDT Exclusive TA update:-

#BTC currently trading near around $37,000. And as per my analysis Bitcoin is now bullish (May make inverted Head & Shoulder Pattern). Chart attached

I am not 100% sure, it may follow head and shoulder pattern (just possibility).

If this go as per my analysis then we can see new ATH of $87,553 in upcoming sessions.

So now what..?
First resistance is $38500-$39000 range
If this break then BTC is supper bullish . $39k range plays a major role as resistance, 39k range sustain must for bullish rally.

After break & sustain over $39,000 range, we can see BTC towards new high of $53,000 & $87,000 followed by a small correction/ retest to $39,000 level

This is my out of the box T.A. & F.A. analysis.

Some important levels to note down:-

Support:- $32000
Resistance:- $39500/$47000/$53500/$59841

*** Not Financial Advice.

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Comments

I wish this, beast, every time you dazzle me, your sweetest prize
500 coins
+2 Reply
@MADE7, thank you sir
+1 Reply
Can you do an analysis of a coin I'm really stuck with! -SNX-
100 coins
+1 Reply
@MADE7, ok I will dear
thank you
Reply
absolutely disagree

+7 Reply
I'm guessing it's going to 28k-32k.
+5 Reply
For this possibility to happen, It is needed a huge volume increase from the head and right neck. Also we need a decreasing volume from the left neck to head. However, The situation is the opposite. Of course, that doesnt mean it wont definitely happen. But the thing is that there is a huge red volume in decrease while there is a small green volume in increase. Based on this, in my opinion, there will be likely a accumulation period for BTC to gain some volume and to create a better price movements. ( dumps and bumps distorted the chart completely. There is full of wicks everywhere )
+4 Reply
CryptoPatel bahadirkisbet
@bahadirkisbet, yes agreed dear.

But we can see if resistance 1 can break
Reply