Hello traders, Bitcoin is still under sell-off pressure, now the price should soon adjust towards 40k and then back to 35-32k to finally try to break out of the falling resistance at 37k.
The second option is to continue the decline after failing to hold on to 32-31.5k towards 28k, at this level I would expect consolidations again. It would mean a longer stagnation ahead of us.
The price may not break above 48k until Q4 this year.
Good luck.
The second option is to continue the decline after failing to hold on to 32-31.5k towards 28k, at this level I would expect consolidations again. It would mean a longer stagnation ahead of us.
The price may not break above 48k until Q4 this year.
Good luck.
Note
There is a chance for growth all the timeNote
There is a high probability that the Bitcoin price is going to reach the level of $ 37,800Note
Fighting Resistance $ 34,800Note
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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.