Depending on the technical view - this could be the start point for a new increase to 32K.
BTC is at this moment at 29.1 k price action.
A breakdown below 29K for a long-term time frame could mean a new breakdown trend can enter - we are now at a point exactly where changes in price could make, and it's important to follow the coming time.
32K is an expecting target for an uptrend, when BTC confirms the increase from the 29K level - as we said before, we are now exactly at an important point.
The question is now - will BTC show an increasing trend at this important point? technical view shows its possible, but also if we break down this point for the long term we could enter a new breakdown trend.
whales like to play in important price action points, and this is one.
Manage in all time the risk.
BTC is at this moment at 29.1 k price action.
A breakdown below 29K for a long-term time frame could mean a new breakdown trend can enter - we are now at a point exactly where changes in price could make, and it's important to follow the coming time.
32K is an expecting target for an uptrend, when BTC confirms the increase from the 29K level - as we said before, we are now exactly at an important point.
The question is now - will BTC show an increasing trend at this important point? technical view shows its possible, but also if we break down this point for the long term we could enter a new breakdown trend.
whales like to play in important price action points, and this is one.
Manage in all time the risk.
Note
when we see a trend where BTC goes below 29K, and return into the small time frame, it means volume is interesting for an uptrend. we will see the coming time or this 32K will get the target.
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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.