Bitcoin is currently in an 'C' upward trend.
Scenario 1: There is a possibility that it may experience a decline again from the most common 1:1 extension length of 27284.
Scenario 2: Due to strong selling pressure, it might not reach the 1:1 extension length and could start declining from now on.
Scenario 3: As everyone is anticipating further downside, it could actually rise up to 29000.
Scenario 1: There is a possibility that it may experience a decline again from the most common 1:1 extension length of 27284.
Scenario 2: Due to strong selling pressure, it might not reach the 1:1 extension length and could start declining from now on.
Scenario 3: As everyone is anticipating further downside, it could actually rise up to 29000.
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.
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.