BTC USDT daily chart - last dip(s) before megapump?
My thoughts on $BTC - looking on LTFs (lower time frames), the picture looks really bearish, as we are constantly in downward sell pressure.
But I really like what Daily chart is making out here - we are just on 50% retracement from last big move, where we rose from low of $29,900 to almost 53k! This here is a perfect spot to continue the bull run and hop on those higher levels from first half of the year.
Currently, we can still face some bigger dip in next days, even touching dreaded levels below 40k are not far from reach here - 38k is definitely a support level that we need to hold in order to continue upwards. It stands on 38.2% Fib level and it should give us a kick upwards, as bulls will start buying there aggressively.
The rise of the King will be swift, and bears shall bow down before bulls at the year end🔮
But I really like what Daily chart is making out here - we are just on 50% retracement from last big move, where we rose from low of $29,900 to almost 53k! This here is a perfect spot to continue the bull run and hop on those higher levels from first half of the year.
Currently, we can still face some bigger dip in next days, even touching dreaded levels below 40k are not far from reach here - 38k is definitely a support level that we need to hold in order to continue upwards. It stands on 38.2% Fib level and it should give us a kick upwards, as bulls will start buying there aggressively.
The rise of the King will be swift, and bears shall bow down before bulls at the year end🔮
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