After a sharp downward move caused by the Fed’s announcement yesterday, we are left wondering if we have found a local bottom.
Too many unknown economic factors are at play to be able to make a good prediction, however I think cryptocurrencies may trend lower for a few more weeks. Consider DCA into top performers.
Strong support around 32K for BTC.
If BTC makes a similar recovery as it did following the last correction (May 2021) , we could see a return close to ATH by mid-end of May 2022. If this plays out, it may form a nice cup-and-handle pattern, but with strong support at the 69K level due to previous ATH, providing an opportunity to form a new ATH around 93K by September.
Let’s see how this plays out. I would feel very good about buying Bitcoin at 32K.
Too many unknown economic factors are at play to be able to make a good prediction, however I think cryptocurrencies may trend lower for a few more weeks. Consider DCA into top performers.
Strong support around 32K for BTC.
If BTC makes a similar recovery as it did following the last correction (May 2021) , we could see a return close to ATH by mid-end of May 2022. If this plays out, it may form a nice cup-and-handle pattern, but with strong support at the 69K level due to previous ATH, providing an opportunity to form a new ATH around 93K by September.
Let’s see how this plays out. I would feel very good about buying Bitcoin at 32K.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.