FieryTrading

🔥 Bitcoin's Next Macro Target: What To Expect Soon

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
In my last bullish BTC analysis I wrote about the idea that a short-term bottom had been formed and that were likely to bounce from said area.


As of today, this signal appears to be a great success. I also made a bearish signal recently, but that entry target had not been hit, so nothing lost.

In this analysis I want to take a look at Bitcoin's next macro target. The resistance is drawn from connecting the 2021 tops with each other and extrapolating said line.

In my eyes, this will likely be Bitcoin's next target and can potentially be a long-term resistance from which we bounce. Expect heavy selling around this resistance area.

For now, it's looking like BTC will continue the uptrend.

Happy to hear your thoughts!

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