Still expecting 39k- this chart is a variation of my previous chart. In this variation, September's 25k low HOLDS, and we send directly to 39k without taking this low.
This has been my primary thesis since 30k. I've been expecting a retracement to 21.5k, leading to a major reversal at this level. I'm expecting price to accelerate past 39k by July 2024
LOWER TIMEFRAME IDEA Following the 25k retracement a couple of weeks ago, I've found myself quite bullish on Bitcoin, looking towards targets north of 39k (over 50% higher). However, recent price action has dictated a very different story, leading me to believe price could very well break down in the days ahead. Given the dramatic bullish price acceleration...
Interesting idea I've spent my morning on- potential for a strong resistance area surrounding the $110 area. Multiple different technical ideas all point towards heavy resistance at this level. My primary target, assuming a rejection, sits right above $96.