Hi guys, Another analysis on Bitcoin.
Market is Emotional and High oscillation therefore yesterday analysis on BTC touched mentioned target too soon.
Current trend is bullish There is no word on this! But price can not go higher without pullbacks and corrections.
My expected path for Bitcoin is visible on the chart.
A weakness must be seen around 43800-44000, This is PRZ zone which I expect a reverse and pullback up to 40700-41500 area.
After that You can see 48000$ Bitcoin!
Important Indicators shows a possibility of pullback
RSI = 71.5 = Over bought = Potential reverse
EMAs = Price has come a long way from them = Potential reverse
STOCHASTIC = Over bought = Potential reverse
See related analysis
GOOD LUCK
Market is Emotional and High oscillation therefore yesterday analysis on BTC touched mentioned target too soon.
Current trend is bullish There is no word on this! But price can not go higher without pullbacks and corrections.
My expected path for Bitcoin is visible on the chart.
A weakness must be seen around 43800-44000, This is PRZ zone which I expect a reverse and pullback up to 40700-41500 area.
After that You can see 48000$ Bitcoin!
Important Indicators shows a possibility of pullback
RSI = 71.5 = Over bought = Potential reverse
EMAs = Price has come a long way from them = Potential reverse
STOCHASTIC = Over bought = Potential reverse
See related analysis
GOOD LUCK
Note
Mentioned PRZ zone(RESISTANCE), Is not broken yet, A fake breakout was happened, A high chance of drop.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.