BTC Triple Threat
Hi,
It is always difficult to make a prediction in any asset, but right now BTC is making it even more harsh to predict its behaviour.
I present 3 case-scenarios to conclude this lateral range.
In my opinion, GREEN is the most probable because:
1. We have extreme fear sentiment levels.
2. People don't think we can achieve 100k target anymore, but nothing has changed. That objective is still on the table (2nd Fibo impulse active when we made ATH 69k).
3. If we pass 48,700$ we have a positive RSI divergence which will rocket us to the upper side of the lateral 51,700 retesting the resistance again.
4. Everyone is uncertain on what will happen.
We may need a bit more consolidation before aiming higher but the rise will be epic, like the phoenix from its ashes.
Good luck!
It is always difficult to make a prediction in any asset, but right now BTC is making it even more harsh to predict its behaviour.
I present 3 case-scenarios to conclude this lateral range.
In my opinion, GREEN is the most probable because:
1. We have extreme fear sentiment levels.
2. People don't think we can achieve 100k target anymore, but nothing has changed. That objective is still on the table (2nd Fibo impulse active when we made ATH 69k).
3. If we pass 48,700$ we have a positive RSI divergence which will rocket us to the upper side of the lateral 51,700 retesting the resistance again.
4. Everyone is uncertain on what will happen.
We may need a bit more consolidation before aiming higher but the rise will be epic, like the phoenix from its ashes.
Good luck!
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.