As you can see in the Daily chart of BTCUSDT, it finally managed to reach 81k level after a rather long time, currently it's being traded at 80,800.
I expect Bitcoin to reclaim 81k again, and then if it goes above the 82,700 level and stabilize there, I'd expect further rise in price to the 84,250 level. As long as BTC keeps itself above the 79,500 level, it remains Bullish and can go up higher.
The war has made BTC a rather safe-haven asset, rising while Gold is struggling and dropping in price.
A rise to 90k is no longer out of reach or far off for Bitcoin, it could happen in the coming weeks.
However, if BTC drops below 79,500 and stabilizes there, it could drop back to the 77k level and even further to the 74k level if it doesn't hold itself above 77k level.
I expect Bitcoin to reclaim 81k again, and then if it goes above the 82,700 level and stabilize there, I'd expect further rise in price to the 84,250 level. As long as BTC keeps itself above the 79,500 level, it remains Bullish and can go up higher.
The war has made BTC a rather safe-haven asset, rising while Gold is struggling and dropping in price.
A rise to 90k is no longer out of reach or far off for Bitcoin, it could happen in the coming weeks.
However, if BTC drops below 79,500 and stabilizes there, it could drop back to the 77k level and even further to the 74k level if it doesn't hold itself above 77k level.
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Free channel: t.me/AmirAliTrading_Official
Join OurBit with my link and you'll be added to Crypto Premium channel for free: ourbit.com/register?inviteCode=JSB5ZW
Contact me: t.me/Amirali_Trading
Join OurBit with my link and you'll be added to Crypto Premium channel for free: ourbit.com/register?inviteCode=JSB5ZW
Contact me: t.me/Amirali_Trading
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.