Bitcoin 73k price incoming with 100% gain potential

25 ม.ค. 2022Hello All. Despite the drop and the bearish market sentiment, let us look at this bullish scenario for BTCUSD pair.

Looking at btcusd on the weekly timeframe, we can see that bitcoin is inside a major ascending channel/rising channel.

The rising channel with an upward movement is a bullish pattern and has a potential target at $73,000. This is a 100% potential long without leverage trading.

Another bullish sign is the weekly 200 EMA indicating that the current price trading above the EMA.

Also the weekly stochastic RSI is showing a reading below 20, meaning oversold: thus also a bullish sign.

Thanks for reading, and stay tuned. Enjoy.