BTC Playing At The Crucial Area But Still Its Bullish

📍 #BTC

📥 Sorry For Not Posting BTC Updates During Last Two Days ,I Was Waiting To Get More Data From The Market ,Let’s Start The New Update ,Currently There Are Two Scenarios About The Bitcoin

👉 First Scenario (I Expect It More) : Currently The Price Sitting Above The 65500$ Support And Also Inverse Head And Shoulder Formed At The Area ,If The Price Breakout From The 69k I Can Expect a New Bullish Wave Toward a 72k Then 79k Area

👉 Second Scenario : Breakdown The Trend And Next Target Will Be 62k Area

📊 Totally I’m Fan Of First Scenario And As Long As The Price Playing Above The Trend Line I Don’t Think About Lower Prices ,Let’s See

Comment:

📊 Clear Falling Wedge Formed At The Chart And The Price Perfectly Bounced From The 0.618% PRZ And Currently Playing Below The Trend Line ,Breakout From This Falling Wedge Is a Action I Expect For The Next BITCOIN Move Toward a 72k Then 80k ,THERE IS NO TECHNICAL REASON TO BE BEARISH IN HERE

Comment:

📉 Yesterday The BITCOIN Price Tried To Breakout The 68k Resistance Level But Got Rejected And Currently The Price Playing At The 64500$ Support Level ,I Expect The Price Will Breakdown This Support To The 62k Level As a Wave C PRZ

👉 The Good New Is The Current Bitcoin Structure Is ABC And It Means We Are In a Corrective Move Not a Impulse ,So Still The Main Structure Is Bullish

Comment:

✅Well ,The BITCOIN Price Dumped To 62k Area And Exactly Bounced From That Area That I Expected At The Previous Update ,Now I Wanna Describe My Next Plan ,So Let’s Go

📈 62k Is a Strong Support And Any Deep Below This Level Will Be So Ugly For The Market In a Midterm But Currently I Expect a Bounce Here Toward a 71k As a Next Short Term Target

Comment:

📈 The BITCOIN Price Breakout From The Bull Flag As I Expected At The Previous Update And Currently Pull Back At The 0.618% Fibo Level And Bounced From It, 71k Area Is a Next Station I Expect As a Next Target In a Short Term