What's up with Bitcoin? Why is it so volatile? Where is it going?
Hello Traders! CTDave here again with another daily price analysis chart.
In this analysis, I'm going to analyze BTC.
The blue arrow indicates my opinion on BTC. BTC is currently in a upwards going channel. When it reaches ~34k, it's going down. After that, ~50k will be the resistance are.
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
@Ali_Alkhazali, I would aim for ~$29,500 with a SL at ~$26,000. However, do not make your trading decisions based on what I say. This is what I am doing, so don't do it unless you're sure about it.
CTDave
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Please post any questions, comments, or concerns here. Thank you!