We have recently seen a massive breakout for BTC and this is amazing as it has reached new ATH's. I feel BTC is due a correction down to the 41 000 dollar area to test it as support. The reason for this is that BTC doesn't have much support until the 31 000 dollar area. and if supports at this level don't hold up we can easily see it coming down to the 31 000 dollar level again.
A retest of the 41 000 dollar area will be very healthy for BTC and will give it the necessary strength to push through the 50K mark.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
A retest of the 41 000 dollar area will be very healthy for BTC and will give it the necessary strength to push through the 50K mark.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.