blocksat

Will Bitcoin Go to $145K+ in 2022

Long
blocksat Updated   
BITSTAMP:BTCUSD   Bitcoin
  • With more strong hidden bullish divergence, its climbing up since last three week, we are in upside and its the third week
  • BTC just broke the trending, now we have to wait until the retest. If the retest gets validated. We will see a much bigger jump in bitcoin,
  • For bull run, BTC in coming week have to retest and need to cross above 59K.
  • Bear will be below 28600.
Comment:
If this idea works.
My T1 is 98K
My T2 is 148K
T3 - will define at T2.
Comment:
T2 - Needs a much bigger impact in the world, Russian - Ukraine is a bigger thing currently. How big it could be will be seen in next few weeks. Russian is exporter of Gas and Oil to European region, Higher price or if Russian stops it.

Inflation will skyrocket in coming months, and could be around double digit.

Currently BTC is forming a Ascending Triangle in 1D chart. Let's see if it will get invalidate or not.
Comment:
Most bullish weekly close in BTC seen. Inverted hammer formation. This might be the start of Bullrun! Fingers Crossed!

Comment:
Resistance broken at 45K. Around 48 -49K is expected and Looking forward to a support on Bitcoin around 41K - 42K range.
Comment:
Waited for a month long to find what's next will happens as the 41-42K got broke and was find the support but then it broke the major support at ~28K.

Now, $24800 - $25100 is the range I am expecting and possible accumulation mode will happen in coming weeks.
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.