Here is another price action analysis of BTCUSDT shouting out loud that Bitcoin price is currently on a verge of chaos.
This analysis shows that BTC price has made touch to the multi-month trendline. It needs to close the daily candle above $50000 in order to give a safe signal to bulls. If it closes below, we might visit $42000 as stated in the previous idea too:
This $42000 price level aligns exactly with the 0.5 fib level of the pitchfork. Let's see what happens.
- Muneeb
This analysis shows that BTC price has made touch to the multi-month trendline. It needs to close the daily candle above $50000 in order to give a safe signal to bulls. If it closes below, we might visit $42000 as stated in the previous idea too:
This $42000 price level aligns exactly with the 0.5 fib level of the pitchfork. Let's see what happens.
- Muneeb
