BTC/USDT: Is Now the Time to Bid?

25 ก.ค. 2024

On the weekly timeframe, the price action of the previous two candles shows serious rejection from the 40-Day EMA. With the monthly candle likely to close above $60,000, the overall market sentiment remains very bullish.

The price of BTC/USDT is currently sitting around $64,000, and I wouldn't bet on it going lower than this. We see a confluence of horizontal structure with the 7- and 13-Weekly EMAs just crossing up at around $64,000. The daily timeframe shows a similar pattern. This appears to be the perfect time to enter, in my opinion. Big moves are around the corner; I can feel it. A price of $88,000 for BTC is very likely to happen in the next few months.

26 ก.ค. 2024

บันทึก

BTC is bouncing off very nicely from our bidding zone, but we're not in the clear yet. I'll be happy if we close this week above $67,000.

27 ก.ค. 2024

บันทึก

Updated this idea on my new post!