Looking like bitcoin is at an inflection point here.
Trenvantage LITE algo plotting the trends.
With everyone hoping for a bounce to new ATH here, would imagine it trends down towards the 55k area. Lots of levels for them to play in this zone. Chances are it tries to take out this monthly uptrend. Most hoping for a bounce at 82, if 78 doesnt hold and provide the bounce to new ATH then we see lower. Most will be targeting 70-73 but in reality thats already been tested, we probably see low 50s.
Bear market takes us down to the untested levels sub 30k into the 20s. Would set it up for a massive run in 2030 or beyond.
Trenvantage LITE algo plotting the trends.
With everyone hoping for a bounce to new ATH here, would imagine it trends down towards the 55k area. Lots of levels for them to play in this zone. Chances are it tries to take out this monthly uptrend. Most hoping for a bounce at 82, if 78 doesnt hold and provide the bounce to new ATH then we see lower. Most will be targeting 70-73 but in reality thats already been tested, we probably see low 50s.
Bear market takes us down to the untested levels sub 30k into the 20s. Would set it up for a massive run in 2030 or beyond.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
visit trenvantage.io for more information
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.