Bitcoin's Next Move?
Bitcoin is right now at a crucial level. Likely to go in consolidation for the next few days. If it sustains 42k to 44k zone (retests) then we can see a good rally. It may go to 52k soon and retest at 52k levels for a strong bull run towards 65k . However if it breaks the current level and fails to sustain then we may see a dump to 40k levels. Keep a watch as It looks quite weak right now. It's better not to take a trade in choppy market rather let it be in a trend first, indecision is always bad for trading. Let's hope for the best :)
Note
SUMMARY: Sustains 42k-44k (current) levels :- Likely to go to 52k and then 65k levels
Breaks 42-44k towards downside:- DUMP to 40k
Note
We need a pullback! Performed as per my analysis
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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.
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.