Hey, fellow traders,
Let's delve into the intricacies of the Bitcoin price chart, dissecting the recent market movements with a keen eye on technical analysis. Here's a comprehensive overview:
1. Preceding the ascent to the $40,000 threshold, the market witnessed a corrective phase, experiencing a pull-back to the $34,000 level.
2. Post the retreat to $34,000, there exists a conceivable scenario where the price undergoes a neutral fluctuation within the $33,500 to $34,500 area, persisting for a duration of either 24 or 48 hours. This is attributed to two key factors:
A. Fundamentally, the market's trajectory is influenced by multiple factors, from US news and developments these days to Black Friday 2023.
B. In a speculative sense, this could serve as a respite for bullish traders, paving the way for a robust upward movement, aiming to breach the resistance at $38,000 and achieve a historic milestone at the psychologically significant round number of $40,000.
In the realm of technical analysis, terms such as "pull-back" and "neutral fluctuation" are indicative of corrective phases and consolidation, respectively.
Traders should remain attuned to these dynamics, incorporating them into their strategy to navigate the evolving market conditions.
Stay vigilant and trade wisely.
Arash
BTCUSD BTCUSD 
BTCUSDT BTCUSDT
🚨 Heads up!
what you're about to read is my take on the market. It's a mix of my own experiences, some real trades, and general observations based on what's out there in the public domain and historical data.
The disclaimer: I'm no financial guru, so whatever moves you make in the trading world are totally on you, my friends.
✅ Got queries or suggestions?
I'm more than happy to chat about any currency pair or index in Crypto Market or Forex that's tickling your fancy.
Let's decode these markets together! 📈✨
Let's delve into the intricacies of the Bitcoin price chart, dissecting the recent market movements with a keen eye on technical analysis. Here's a comprehensive overview:
1. Preceding the ascent to the $40,000 threshold, the market witnessed a corrective phase, experiencing a pull-back to the $34,000 level.
2. Post the retreat to $34,000, there exists a conceivable scenario where the price undergoes a neutral fluctuation within the $33,500 to $34,500 area, persisting for a duration of either 24 or 48 hours. This is attributed to two key factors:
A. Fundamentally, the market's trajectory is influenced by multiple factors, from US news and developments these days to Black Friday 2023.
B. In a speculative sense, this could serve as a respite for bullish traders, paving the way for a robust upward movement, aiming to breach the resistance at $38,000 and achieve a historic milestone at the psychologically significant round number of $40,000.
In the realm of technical analysis, terms such as "pull-back" and "neutral fluctuation" are indicative of corrective phases and consolidation, respectively.
Traders should remain attuned to these dynamics, incorporating them into their strategy to navigate the evolving market conditions.
Stay vigilant and trade wisely.
Arash
BTCUSD BTCUSD BTCUSDT BTCUSDT 🚨 Heads up!
what you're about to read is my take on the market. It's a mix of my own experiences, some real trades, and general observations based on what's out there in the public domain and historical data.
The disclaimer: I'm no financial guru, so whatever moves you make in the trading world are totally on you, my friends.
✅ Got queries or suggestions?
I'm more than happy to chat about any currency pair or index in Crypto Market or Forex that's tickling your fancy.
Let's decode these markets together! 📈✨
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.