It’s better to first have a complete roadmap for Bitcoin for the coming months.
We have cleaned up the chart as much as possible, making the pattern lines and range zones invisible so the chart remains uncluttered.
As you can see, Bitcoin is trading below the upward trendlines and also below the FLIP zone.
It is expected that the price will be rejected from the red zone down toward the 76K to 64K range, and then from that area it may attempt a move toward higher levels.
If the red zone is broken, the price could reach the 150K to 170K area. However, if it fails to hold above the red zone, it may drop to the 55K range and even 27K, potentially starting a bearish cycle.
This is the condition for Bitcoin | it should not be compared with altcoins, and many altcoins may even become bullish while Bitcoin is in a bearish cycle!
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
We have cleaned up the chart as much as possible, making the pattern lines and range zones invisible so the chart remains uncluttered.
As you can see, Bitcoin is trading below the upward trendlines and also below the FLIP zone.
It is expected that the price will be rejected from the red zone down toward the 76K to 64K range, and then from that area it may attempt a move toward higher levels.
If the red zone is broken, the price could reach the 150K to 170K area. However, if it fails to hold above the red zone, it may drop to the 55K range and even 27K, potentially starting a bearish cycle.
This is the condition for Bitcoin | it should not be compared with altcoins, and many altcoins may even become bullish while Bitcoin is in a bearish cycle!
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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Disclaimer
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💎Join our Telegram channel for real-time crypto insights 👉 t.me/Behdark_EN
💎More charts. More insights. only on our Telegram:
Free membership: t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
💎More charts. More insights. only on our Telegram:
Free membership: t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.
