First target is around 104k usd (P&F) and 2nd one is around 125k usd (rounding bottom).
** This is not a trade advise but just the possible target predictions based on chart analysis.
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Best time to take Bitcoin with small stop loss of 56500. Seems the down wave is already completed but by any chance it it comes down again then best time to buy from risk reward ration perspective. This is Long term prediction and not for day or short term.
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As expected it came down again till 53500. Now it can be traded with stop loss of 53500.
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Back to resistance line, closing above this line is important on monthly basis.
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resistance line still not broken.
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Resistance line not broken yet and it has made the move weaker, now it will take some time until the prices comes above resistance line.
It is making handle with top around 68-69k and bottom at 15k so once it starts making higher highs and higher lows and comes above this resistance line then it can be a call to enter.
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Finally the resistance line is broken and now bitcoin must reach the targets mentioned
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Very close the the target of 100,000 USD, can go till 105,000 i near term
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