BTC succeeds to breakout the resistance of 32k (monthly resistance) yesterday first time since may 2022! We can see also a successful breakout retest
what does that mean ?
– The 30k to 32k level should act now as support /buy area until broken for the next pump toward 40k region !
–NOTE : The price has filled the CME GAP at 35k There is another major CME gap around 21k and in order to fill this one we need a big big FUD ,but for now we cant talk about this scenario as long as we closing weekly above 30k
Summary: My current bias now is bullish as long as we close weekly above 30k
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A price action will occur soon
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The figure is clearer in the line chart:
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UPDATE On small time frames We can see BTC is forming a parabolic curve since October the 16th
Right now BTC can bounce here from the curve line OR if failed for that we will have a more deeper correction toward 32k-30k (weekly support)
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Important :
Only 3 days for the closure of monthly candle We need at least to close above 30k as said above
Candle Closure : below 30k means bears will enter again Above 30k = bullish Above 35k = mega bullish
Lets see what will happen ..be ready
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Interesting price action! … 2days left for weekly/monthly closure
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Important Scenario on the table ,
We can see a pump without any corrections or retests This usually happens when bull market starts to prevent late buyers (majority wait retest) from buying
Also 1 day only left before monthly closing lets see whats how it will end up
Hi, it's simple and logical. Yeah, I'm in a bullish mood too. My focus is on the 34000 area. If after a retest or consolidation the price can hold this area, the market will open a new range to 46800. It is important to realize that the market can reach this mark in a halvin phase. Now the important zone is 30000-40000 (intermediate 34000-35000).
@SatochiTrader, No, not now. Study the fundamental of the coin, I don't think it has the kind of prospects you reported. The coin has a protective area: 0.011 (strong support and 0.010 and 0.009
imcnf5c4ff
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This forcast for Bitcoin is more likely- People are all over the place, meanwhile Bitcoin is doing great in El Salvador with Bukele, the country has resurged, more trade will be enabled through Bitcoin. All inflation countries should use it.
It is important to realize that the market can reach this mark in a halvin phase. Now the important zone is 30000-40000 (intermediate 34000-35000).