BTCUSDT (BITCOIN) Daily: 31/01/2023: Is 25k reachable?

Well, you can see the possible scenarios on the chart.

Personally, I think the price will go up for liquidity above 25200.

Bullish scenario:
The price can have a bullish reaction on 22300 to 21600, or after touching the demand zone creates a bull set up in a lower time frame and then rise.

Bearish scenario: The price can not break the 23K to 24K zone that is a supply zone now. So the price will fall to lower levels such as 20400 and 18400.



💡Wait for the update!
🗓️31/01/2023
🔎 DYOR

💌It is my honor to share your comments with me💌

Trade closed: target reached:

Well, as you can see the price moved as we expected.

I hope you used this TA.

Cheers 🍻

Wait for the new TA.