This is an update to the previous Bitcoin analysis.
This is an update to the previous Bitcoin analysis.
I just tweaked trendline number two a bit here.
It looks like we are still in a bearish market and prices tend to fall though.
Therefore, I continue to move up and down according to the price range. If we lose the support of $60,000 with a suitable candle, we expect a drop to $53,000, and if we lose the support, we expect to reach the $44,000 range.
If the trend line number two is broken and we have a proper confirmation, I predict a rise to the resistance of $74,000, and if the resistance is broken, it will rise to the $90,000 range. However, forecasting in technical analysis is not the right thing and there are many factors that influence the formation of the trend.
Be successful and profitable.
I just tweaked trendline number two a bit here.
It looks like we are still in a bearish market and prices tend to fall though.
Therefore, I continue to move up and down according to the price range. If we lose the support of $60,000 with a suitable candle, we expect a drop to $53,000, and if we lose the support, we expect to reach the $44,000 range.
If the trend line number two is broken and we have a proper confirmation, I predict a rise to the resistance of $74,000, and if the resistance is broken, it will rise to the $90,000 range. However, forecasting in technical analysis is not the right thing and there are many factors that influence the formation of the trend.
Be successful and profitable.
