Bitcoin BTC price global view for next few months

3 mai

On the #Bitcoin chart, you can see a combination of horizontal and dynamic fibo levels.

It took us a long time to see something new....
But here's our summary:
️ ↪️ right now, the #BTCUSDT price is at a critical point. If buyers manage to keep the price above $57000-57300 until Monday, there will be a chance for a good price increase via the blue route 🟦
↩️ fixing the BTC price below $57000 is the way for a sharp drop in the price to the $49-50k range. There are still many longers whose positions can be liquidated, and their assets can be taken into "stronger hands"

Which scenario do you prefer: ❤️red or 💙blue?

Because in our opinion, the #BTCUSD price should go into a protracted sideways consolidation for the summer of 2024.
In this consolidation, the large capital that entered the cryptocurrency market through BTC ETFs may start flowing into less liquid altcoins, which could lead to local and selective bull runs.

So, in our opinion, the most important task for the coming months is to track which altcoins or sectors of the crypto market capital is flowing into and buy on corrections.
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4 mai

Note

BTC price has reached the middle of the channel. +10% for the day is a good result