BitcoinUpdated BTC Strong supports
* If BTC were to break down this rising wedge pattern these are support levels to look out... 48.8k, 45.8k, 39.8k, 31.6k
* Prices might reach 52k this week, but my chart tells me 53-54k is not possible unless we get a healthy correction to support 3 or between 2 and 3 (or 500M whale pumps).
Support 4 - 48,800 (not as strong as 1-3)
Support 3 - 45,800
Support 2 - 39,800
Support 1 - 31,600
** not a financial advice
* Prices might reach 52k this week, but my chart tells me 53-54k is not possible unless we get a healthy correction to support 3 or between 2 and 3 (or 500M whale pumps).
Support 4 - 48,800 (not as strong as 1-3)
Support 3 - 45,800
Support 2 - 39,800
Support 1 - 31,600
** not a financial advice
Note
IMO this new weekly candle could drop from weekly high to -11% to -17% (support 2 and 3)
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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.