BTC - Pre-Halving Scenarios 📈📉

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Hello TradingView Family / Fellow Traders,

Let's keep it simple!

BTC has been trading within a large range bounded by $60,000 support and $70,000 resistance.

Currently, BTC is hovering around the lower bound of the range at $60,000.

Scenarios:

1ïļâƒĢ Bullish

As long as the $60,000 support holds, we expect the bulls to take over and push the price towards the upper bound of the orange channel. (to be confirmed on lower timeframes)

2ïļâƒĢ Bearish

If the $60,000 support is broken downward, we expect a bearish movement towards the $50,000 demand zone.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr
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The $60,000 support is holding up well.

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As long as BTC maintains above $60,000, Scenario 1 remains viable, with an anticipation of further bullish movement toward $72,000.
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