Bitcoin Market Update
BTC SEEMS TO ENTER A NEW CORRECTION PHASE SOON.
Recent data suggests that the current Bitcoin (BTC) cycle is coming to an end. As a result, we may soon see a downward move in BTC's price. The key target in this potential drop is around $85,000, with expectations that BTC will fall below $100,000.
This week, Bitcoin completed its cycle trend and is now entering a processing or transitional phase. Once this phase ends, we anticipate another decline in price.
This outlook is based on recurring patterns seen in previous BTC cycles, which have shown similar behavior in the past.
BTC can play on the low time frame with uptrends and downtrends, but if we will choice a side, then it will be the red trend.. since BTC cycle is ending.
BTC SEEMS TO ENTER A NEW CORRECTION PHASE SOON.
Recent data suggests that the current Bitcoin (BTC) cycle is coming to an end. As a result, we may soon see a downward move in BTC's price. The key target in this potential drop is around $85,000, with expectations that BTC will fall below $100,000.
This week, Bitcoin completed its cycle trend and is now entering a processing or transitional phase. Once this phase ends, we anticipate another decline in price.
This outlook is based on recurring patterns seen in previous BTC cycles, which have shown similar behavior in the past.
BTC can play on the low time frame with uptrends and downtrends, but if we will choice a side, then it will be the red trend.. since BTC cycle is ending.
Note
This small price action part was not confirmed in 1.2 day to get the cycle runing, is a huge reason that BTC is going possiblity to breakdown soon : Note
The m Volume can create a new red trend line below the first start priceNote
We are now into new top, every top had a correction by BTCTrade active
We are about to go into the zone Trend fall, which means a high chance of a new breakdown for BTC.
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ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN THE MARKET
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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.
❤️Follow the channel For daily updates
ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN THE MARKET
🟡New telegram channel for free updates
t.me/SatochiTraderoriginal
ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN THE MARKET
🟡New telegram channel for free updates
t.me/SatochiTraderoriginal
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.