3 Possible Bitcoin Scenario's Before The Next Bullrun
Scenario 1: Bullish Momentum
- Ongoing uptrend, suggesting the bottom is established.
- Establishes a robust support at $15479.
Scenario 2: Potential Reversal
- Reversal from the current level at $43700.
- Targets an extreme price of interest around $3540.
Scenario 3: Extended Bullish Trend
- Sustained bullish movement towards the internal order block ($62295-$69000).
- Potential reversal from this block to the extreme price of $3540.
Note: While leaning towards Scenario 1, it's crucial to remain adaptable in the unpredictable realm of crypto. Preparedness is key. 🚀💡
(This was posted earlier but got deleted due to TradingView's policy which I was unaware of. With the price action of now I'm seeing scenario 2 becoming reality.)
- Ongoing uptrend, suggesting the bottom is established.
- Establishes a robust support at $15479.
Scenario 2: Potential Reversal
- Reversal from the current level at $43700.
- Targets an extreme price of interest around $3540.
Scenario 3: Extended Bullish Trend
- Sustained bullish movement towards the internal order block ($62295-$69000).
- Potential reversal from this block to the extreme price of $3540.
Note: While leaning towards Scenario 1, it's crucial to remain adaptable in the unpredictable realm of crypto. Preparedness is key. 🚀💡
(This was posted earlier but got deleted due to TradingView's policy which I was unaware of. With the price action of now I'm seeing scenario 2 becoming reality.)
Comment:
4H Chart:
Daily Chart:
Weekly Chart:
Here is the updated chart for Bitcoin. What still looks like a liquidity sweep on the weekly chart it already made a break of structure which gave us a new major support.
Also marked the two points of interest.