#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
I wish this, beast, every time you dazzle me, your sweetest prize
CryptoPatel
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@best3ticket, thank you sir
MADE7
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Can you do an analysis of a coin I'm really stuck with! -SNX-
CryptoPatel
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@best3ticket, ok I will dear
thank you
Bitcoin_Weather
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absolutely disagree
decarloslawncare
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I'm guessing it's going to 28k-32k.
bahadirkisbet
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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 )