BTC/USDT
According to previous analyzes, the price of bitcoin is slowly reaching our expected range and is expected to end in the coming weeks.
The lowest price recorded in the last 24 hours is $ 20,800 and our main support is around $ 18,000 to $ 20,000 based on a 4-hour analysis.
By checking the higher timeframes, the price correction is not over and the bitcoin price movement can continue up to the mentioned range. According to the volume indices #TOTAL and # TOTAL2, the possibility of price correction continues and as long as all 3 indicators are not within their support range, we do not have a valid confirmation to return to the trend.
In terms of time, assuming the analysis is valid, a new long-term uptrend will occur in August.
If you remember, in the attached analysis, the support price of Bitcoin was in the range of $ 16,000 to $ 18,000, and the only reason for the change in the support range in the new analysis is the new wave structure.
The loss of bitcoin if bought in the above range is penetration to $ 17,000
If necessary, the analysis will be updated again.
According to previous analyzes, the price of bitcoin is slowly reaching our expected range and is expected to end in the coming weeks.
The lowest price recorded in the last 24 hours is $ 20,800 and our main support is around $ 18,000 to $ 20,000 based on a 4-hour analysis.
By checking the higher timeframes, the price correction is not over and the bitcoin price movement can continue up to the mentioned range. According to the volume indices #TOTAL and # TOTAL2, the possibility of price correction continues and as long as all 3 indicators are not within their support range, we do not have a valid confirmation to return to the trend.
In terms of time, assuming the analysis is valid, a new long-term uptrend will occur in August.
If you remember, in the attached analysis, the support price of Bitcoin was in the range of $ 16,000 to $ 18,000, and the only reason for the change in the support range in the new analysis is the new wave structure.
The loss of bitcoin if bought in the above range is penetration to $ 17,000
If necessary, the analysis will be updated again.
Crypto Club TA team
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub