Today, you have two fractals with a positive scenario at the base.
A quick scenario - growth from the current BTCUSDT price to $180,000 by the end of May 2023. Thorny way - predicts a protracted consolidation of the Bitcoin price in the range of $20,000-26,000 until May 2023. And only after that, long-term growth can begin with the goal of $230,000 by June 2025.
In both scenarios, the critical point is the $19800 level. If the BTCUSD price fixing below this level, then the next strong support is far from below - in the area of $12,000 per BTC _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Be patient Bitcoin touch 17K finally, But it should be plays whit 18600. As we flip the calendar into September, the key question for crypto traders may well be whether we go on to break this summer’s lows or merely retest them to set the stage for the next bull cycle. "Waller Matt" If you watched the livestream this morning (August 22), you saw me share this potential bear flag for TOTAL crypto market cap. It would imply a -58% decline to 414Bn. Lines up with key structure. Difficult to see, but worth monitoring as a potential scenario… pic.twitter.com/nleiOsoJ8b — Caleb Franzen (@calebfranzen) August 22, 2022
*** For Bitcoin, this could mean a return to the low $10,000.***