BitcoinLong
BTC - Whats next?
Currently, the price of 
BTC has encountered a very strong resistance zone. Such zones are rarely broken through at once. I expect some time of accumulation in the range of 35-40k, and by the end of the year, a breakthrough and consolidation above 40k. The main target is 48k, where there is both a strong resistance zone and the completion of the correction at the Fibonacci level 0.618 of the entire decline that began in November 2021. I believe this will happen in Q1 2024.
Many experts converge on the idea that a spot ETF for Bitcoin will be approved by January 10, 2024. If this happens, the movement and dynamics could accelerate significantly, and reaching 48k could occur much faster.
BTC has encountered a very strong resistance zone. Such zones are rarely broken through at once. I expect some time of accumulation in the range of 35-40k, and by the end of the year, a breakthrough and consolidation above 40k. The main target is 48k, where there is both a strong resistance zone and the completion of the correction at the Fibonacci level 0.618 of the entire decline that began in November 2021. I believe this will happen in Q1 2024.Many experts converge on the idea that a spot ETF for Bitcoin will be approved by January 10, 2024. If this happens, the movement and dynamics could accelerate significantly, and reaching 48k could occur much faster.
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Publications connexes
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.