BitcoinUpdated Short term tagets based on the daily BTC chart
We have been consolidating for a 2-3 weeks now and the immediate resistance is near 38k.
I believe the ETF narrative combined with significant flows (2.8B in November) and the settlement of DOJ with Binance will be a trigger for BTC to break over the resistance.
Target 1: $41,500
Target 2: $44,500
I believe that $45,000 will cap the upside by the end of this year.
Stop: $36,000 if entry is at 38k or higher
Stop: $35,000 if entry is around the current price.
Good Luck!!!
I believe the ETF narrative combined with significant flows (2.8B in November) and the settlement of DOJ with Binance will be a trigger for BTC to break over the resistance.
Target 1: $41,500
Target 2: $44,500
I believe that $45,000 will cap the upside by the end of this year.
Stop: $36,000 if entry is at 38k or higher
Stop: $35,000 if entry is around the current price.
Good Luck!!!
Note
Target 1 hit!!!Note
Target 2 hit to the T!Congrats to anyone who played this long from 38k to 44k!
🚀🚀🚀
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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.