The Power of Three: Bitcoin's Pivotal Moment at 31K 📈🔥🚀Hey Traders,
We've been closely monitoring Bitcoin's performance and it's time for an update. We've reached the third and crucial test of a major resistance level, and things are looking promising. 🎯
First Resistance: 29,900 - 30,000 🛑
The first resistance level we're facing is between 29,900 and 30,000. This is a key area to watch, as breaking through it could set the stage for tackling the next resistance level.
Second Resistance: 31,000 - 31,600 🚧
The second resistance level is a bit tougher, lying between 31,000 and 31,600. This is the real test. If we can break through this, the path to higher levels becomes much clearer.
The Big Picture 🌍
According to my analysis, there's a 60% chance that we'll break through the 31K resistance. If that happens, we could see Bitcoin soar to the 44-45K range, a very doable and likely scenario. 🚀
Why the Third Test Matters 🤔
In trading, the third test often proves to be the decisive one. It's like the market is finally ready to make a move, and this could be our moment.
Final Thoughts 🤑
Keep a close eye on these resistance levels. If Bitcoin can break through, we could be looking at a significant uptrend. Let's see if the third time really is the charm!
Happy Trading! 📊
One Love,
The FXPROFESSOR 💙
Full Video Transcript:
0:00 Okay, everyone, so, okay everyone, so, finally, Finally, we had the third test of the major resistance here. We had the first check over here, fake news, rejection, more fundamental than technical, but still, we did test one time, second time, and then finally the third, and decisive time, we are ready
0:37 to go higher, but we need to look at what's next and what kind of resistances we have to face. So obviously, we have a first resistance at, 31k.
1:21 Or to call it right, is the resistance between where we are now 29,900 and 30,000, so that's the first resistance we are facing.
1:33 Second one. And I'm going to use a different chart, it's the same chart basically, okay, but it's clearer here. So, you see again, one attempt, second and, Finally, the breakout, so the decisive one, very good news, we have support now at 29,000, but the second resistance we have is this one right here
2:53 . So, it's a 31 to 31.6k. Resistance. And that's a difficult one. The good news is that after that, the next one is much higher.
3:07 So, after that we're going to, ah, 44, 45,000. Okay. Again, you saw how the 1, 2, 3 worked for those that, ah, you have been following me.
3:18 So, here we go again. Okay, on the bigger chart, we have one attempt on rejection here. We have all together this one and you see how the price at tempted multiple times, but we consider it one.
3:32 You can change the chart weekly. It will be one week. So, we are heading for the third test and again, the third test is the crucial one.
3:42 So, why not we can finally break. Higher, over 31k for good. For very good reasons, we have remained long and long and long and gave a lot of good entries, but the big one is the 31k.
3:58 And according to my analysis, we have right now A possibility of over 60%. So, where, again, big news, we're going first, sego.
6:09 Third attempt to break higher from this level and go to the main, ah, support resistance level, which is lying around 44,000.
6:19 Remember, we started from here. On the first attempt, we said Bitcoin to 41. Well, this is the first attempt. It's an ascending level, so Bitcoin to 44, 45 is a very, very doable thing and a very likely scenario.
6:32 And don't forget how Bitcoin can explode. You can look at the previous charts to see the fundamental reasons why, as well as the technical.
6:41 One, two, we are hearing for the big three. Why is the three important? Thank you very much. Thank you. Well, here.
7:12 It is why first attempt rejected second attempt and then the third attempt it's a crucial one and the price does what it breaks higher it makes the resistance turns it into support and from there we fly to the next level.
7:29 So, in the same way this is the 8 minute chart by the way or 15 minute chart something reasonable for you to look at but also look at the daily candles and we have a big third attempt coming up over 6 minutes.
7:45 60% possibility to test the 31K and break higher. That's it from me. Take care.
