$BTC update, raising channel up to 65k?

Sep 16

BTC has reversed after dropping to 52K (falling channel in orange) and is now recovering on the 1D chart. On the 1W chart, there is also a sign of reversal and RSI too.

My forecast is that before taking off, BTC will strengthen within this rising channel (in blue). There's strong support at $47-48K, which should hold.

Based on the RSI and MACD curves, the uptrend should continue until it reaches the resistance at $67-68k. Afterward, I anticipate a more severe correction, but the price should remain within the rising channel for some time.

The parabolic phase hasn't started yet, so I expect another drop to the bottom of the wedge before the next big move begins.

I will update this idea as it develops.

Most of my previous ideas have been accurate, so feel free to check them out and follow me for more forecasts.

Sep 27

Trade closed: target reached

We did it! Another accurate prediction. What is coming next? Follow me to get the updates!!!