BTC is testing our patience. BIG MOVE INCOMING $BINANCE:BTCUSDT
Last 3 months were really historical in terms of volatility and volume for BTC. BTC testing our patience. Now, as BTC price is testing important support line in 1D chart (highlighted in orange line) and also we are very close to 100 MA, we have to be very careful with our trade.
My Analysis:
Condition 1: A close above the $29,650 resistance could send the price toward the $30,000 resistance zone. Any more gains might change the trend and the price might rise toward $30,500. In the stated case, the price could even rise toward $31,200 or even $32,500 in the coming days.
Condition 2: If Bitcoin fails to clear the $29,650 resistance, it could continue to move down. Immediate support on the downside is 29000. A downside break below the $29,000 level might start another steady decline. In the stated case, the price could drop toward $28,000. if it breaks $28000, lets face the worst decline towards $26000.
Please use stop loss and respect your target price.
My Analysis:
Condition 1: A close above the $29,650 resistance could send the price toward the $30,000 resistance zone. Any more gains might change the trend and the price might rise toward $30,500. In the stated case, the price could even rise toward $31,200 or even $32,500 in the coming days.
Condition 2: If Bitcoin fails to clear the $29,650 resistance, it could continue to move down. Immediate support on the downside is 29000. A downside break below the $29,000 level might start another steady decline. In the stated case, the price could drop toward $28,000. if it breaks $28000, lets face the worst decline towards $26000.
Please use stop loss and respect your target price.
Comment:
Exactly the same thing happening here. Its SHORT time. My next target is $26500.
Comment:
I see more sideways momentum for upcoming days between 26750 to 25500. Trade accordingly.