Bitcoin Long-Term Investment Outlook
Technical Analysis:
A bearish stochastic divergence has formed on the weekly (1W) chart, indicating a potential trend reversal downward toward the Fibonacci cluster support zone.
Conclusion: There is a high probability of seeking BUY positions at the psychological levels of 107,300 – 103,400 and 92,800 – 91,800, with a Take Profit target at 140,600.
(Note: Always confirm with volume and macroeconomic factors before execution.)
Technical Analysis:
A bearish stochastic divergence has formed on the weekly (1W) chart, indicating a potential trend reversal downward toward the Fibonacci cluster support zone.
Conclusion: There is a high probability of seeking BUY positions at the psychological levels of 107,300 – 103,400 and 92,800 – 91,800, with a Take Profit target at 140,600.
(Note: Always confirm with volume and macroeconomic factors before execution.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.