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.
You went short the day before yesterday. I was worried about you, Glad you got back on track. I was fixing to ping you to see if you slipped and hit your head. I agree with your analysis. Thanks bro.
FieryTrading
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@Hellstorm2 I didn't go short. entry was not hit, please check the analysis again.
MyCryptoParadise
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Agree with you. Bitcoin bounce on support uptrend trendline, if can break the previous higher 73k. It possible to reach on your target.
parmin
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It seems that if the resistance of 72,000 Rada can be broken, it can go up to 80,000