🔥Hi, friends! A lot of analysts now think about the next BTC move. I can say that BTC is still in a bull trend, but the market is overheated and need to make a pullback to recover.
You can see it by the bearish divergence on many indicators, the trend angle and new sell orders at the highs using DOM and Footrpint.
I take a 2020 Bitcoin price pattern to predict the next BTC move. I don't expect new highs in 2023, but mid-term growth is highly possible.
I mention the 2 areas which will become strong support: ✅$25,200-26,400 - the value area where many long sl are placed and the top of the global channel. The price will not fall lower with the high possibility. ✅$22,650-23,850 - the second critical value area. The price will fall here if lot's of bad news appeared on crypto or stock market.
✅ THE MAIN LONG TARGETS FOR BTC AFTER THE PULLBACK: 1. $32,000-38,000 - the highly probable targets in the current market conditions. 2. $45,000-48,000 - the max targets for BTC if only the entire world economy will fill well.
Remember that the market is still in a bull trend and the April is one of the most profitable months for Bitcoin.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.