Bitcoin / TetherUSUpdated BTC Price Prediction
It seems that we are in an accumulation/distribution region as seen in the Weekly trends.
There is a strong support close to the POC which is near the middle of that channel. I think that long term the price will go to the top of the range but short term will revisit the POC.
There is a strong support close to the POC which is near the middle of that channel. I think that long term the price will go to the top of the range but short term will revisit the POC.
Note
My levels: 61350 top of the channel (long term the price should visit this). The POC is at 40935. This is where the pice should test in the next few days. Maybe 1st or 2nd week of April. The base of the channel is at 20363. I think short term (hours to 1-2 days) the price will touch the trendline at around 48400 and then it will go down towards POC. Once POC is touched the price will go up.
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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.