BTCUSDT - 17th January
📉 BTC/USDT at a Crossroads – Bullish and Bearish Scenarios 📈
Bitcoin is currently navigating a critical decision point, as uncertainty looms over the completion of Wave 4. Here’s a breakdown of the potential outcomes:
🔑 Bullish Path:
If Wave 4 is complete, BTC is poised for a breakout above the 103K resistance level.
Target Zones for Wave 5:
🎯 Target 1: 121K
🎯 Target 2: 129K
A confirmed breakout above 103K would signal the start of a rally toward a new all-time high.
🔻 Bearish Path:
If Wave 4 remains incomplete, BTC might still be forming a triangle or bull flag, which suggests another leg downward.
Possible Downside Levels:
📌
88K to 86K
This would likely mark the final accumulation phase before BTC resumes its climb toward the all-time high.
🎯 Current Outlook:
The 103K level is the key to determining Bitcoin’s next move:
📊 Conclusion:
Bitcoin’s path hinges on resolving Wave 4. Until confirmation emerges, traders should exercise caution and prepare for both bullish and bearish scenarios when planning trades or investments.
Disclaimer:
⚠️ This is not financial advice! Always conduct your own research and trade responsibly.
Bitcoin is currently navigating a critical decision point, as uncertainty looms over the completion of Wave 4. Here’s a breakdown of the potential outcomes:
🔑 Bullish Path:
If Wave 4 is complete, BTC is poised for a breakout above the 103K resistance level.
Target Zones for Wave 5:
🎯 Target 1: 121K
🎯 Target 2: 129K
A confirmed breakout above 103K would signal the start of a rally toward a new all-time high.
🔻 Bearish Path:
If Wave 4 remains incomplete, BTC might still be forming a triangle or bull flag, which suggests another leg downward.
Possible Downside Levels:
📌
88K to 86KThis would likely mark the final accumulation phase before BTC resumes its climb toward the all-time high.
🎯 Current Outlook:
The 103K level is the key to determining Bitcoin’s next move:
- A breakout confirms the bullish scenario.
- A rejection signals potential downside.
📊 Conclusion:
Bitcoin’s path hinges on resolving Wave 4. Until confirmation emerges, traders should exercise caution and prepare for both bullish and bearish scenarios when planning trades or investments.
Disclaimer:
⚠️ This is not financial advice! Always conduct your own research and trade responsibly.
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.