BTC can Reach 109k If It Manages to Break this ... !!
Note
GMTUSDT
As you can see, the price is likely forming a cup and handle pattern. If our assumption is correct, we should wait for this pattern to break out to see a price increase.
Note
SANDUSDT
The price has formed a bullish flag on the daily time frame, and if it breaks out, it can drive the price up to around $0.80.
Note
VIRTUALUSDT
The price is in a wedge, and if it breaks the wedge, it can drop to the 0.618 Fibonacci line. Also, the bearish divergence in the RSI strengthens this signal.
Note
DOGEUSDT
Note
NEARUSDT
The price has faced a volume shortage after breaking the ascending triangle, which is well indicated by the divergence and volume. Technically, in the first scenario, the price can drop to the support line of the triangle and then reach the 0.618 line, or it may fall below the support line of the triangle and reach the 0.382 Fibonacci line, causing traders to get liquidated as usual, and then price rise up.
Note
BTCUSDT
As I mentioned in my previous analysis, Bitcoin can reach approximately 109k after breaking the 0.618 Fibonacci line, but not so soon. The current price may retrace to the 0.618 Fibonacci line and then rise to 109k to complete this crab pattern.
Note
FARTCOIN
The price has formed a wedge, and if the wedge breakout is confirmed with the daily candle closing, it can be said that the price will be bearish towards the 0.618 Fibonacci line. After that, if good volume enters, it can be said that the price may be bullish; otherwise, the price can be bearish down to 50 cents.
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