Hi everyone
Possible directions for Bitcoin price movement
In the uptrend, the first resistance near the level of $ 51,500 is placed in front of the cows
The first major resistance is close to the $ 52,000 level, above which the price could see a new uptrend
In this case, the main resistance is likely to prevent the cows from moving close to the $ 53,200 level
Any further increase could pave the way for a move to the $ 55,000 level
If Bitcoin fails to break the $ 52,000 resistance zone, it could start a new bearish correction. The first support in this downtrend is close to the level of $ 50,800
The first major support is currently forming near the $ 50,000 level and the trend line
If the price below this support line fails, it is more likely to reach the level of $ 49,000
What do you think will happen to Bitcoin in the short term?
Thankful
Possible directions for Bitcoin price movement
In the uptrend, the first resistance near the level of $ 51,500 is placed in front of the cows
The first major resistance is close to the $ 52,000 level, above which the price could see a new uptrend
In this case, the main resistance is likely to prevent the cows from moving close to the $ 53,200 level
Any further increase could pave the way for a move to the $ 55,000 level
If Bitcoin fails to break the $ 52,000 resistance zone, it could start a new bearish correction. The first support in this downtrend is close to the level of $ 50,800
The first major support is currently forming near the $ 50,000 level and the trend line
If the price below this support line fails, it is more likely to reach the level of $ 49,000
What do you think will happen to Bitcoin in the short term?
Thankful
Comment:
update 7 oct ^
Next support 53000