Since that last update, we have reached our second target on BTCUSD pair and beyond !!!! Right now Bitcoin is trading above 39K which is incredibly BULLISH and an all-time high is imminent in this upcoming week.
Based on the Fibonacci extension that I drew on my chart, our target is 43.3k. but first, we need to break that dotted red trend line and flip it as support, then we may see some higher lows and higher highs as I drew on my chart.
The invalidation of this BULLISH run is losing 38.4k - 38.6k level as support!!!!
if you want to open a long position, try to catch a dip around 38.8k, put your stoploss below 38k, and the target of your wish.
Don't forget to leave a comment and like this idea my friends ;)
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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.