We expect Bitcoin to move sideways for some time. In case of an upward move, we consider the targets indicated by blue lines: $50,499 - $56,396. If we get a downward exit, we will consider the following goals: $35,178 - $31,866
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Note
Now Bitcoin has broken through the upper boundary of the channel; if the price can consolidate above the channel, then we will consider the targets indicated by the blue lines.
Since the last review, we added one more goal. Be careful, all the liquidity is below and the price may go down there in order to take it away. If you want to enter now, then do it with a small% of the deposit.
If there are changes, we will write.
Note
Update
The price of Bitcoin returned to the side channel again. If you look at the chart, you can say that the price did not try to gain a foothold above the channel.
As we wrote in the previous analysis, most of the liquidity is at the bottom and, very likely, the price will follow it. It would be logical to assume that liquidity is clearly taking its toll.
The first part of liquidity is approximately $33,900. We advise you to keep this area attentive. We expect that the price will move in a sideways channel for some time. We are not buying anything right now.
In case of important updates we will write.
Note
On the fake news about the approval of the spot Bitcoin ETF, we reached the first goal - $47,613
The Securities and Exchange Commission said it will cooperate with law enforcement in investigating the hack that led to a false message about the approval of a Bitcoin ETF.
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.