Daily, #BTCUSDT - Will BTC break the bull trap and hit 100k?
*The signal on Bitcoin's daily frame shows that the 50 MA crosses the 100 MA and goes up, the chart is forming a bullish reversal.
However, BTC needs to break through the $54,000 area first in the future, if the price is indeed supported by a massive amount of strong buying from FOMO bulls.
- Bad Scenario: BTC breaking $50,000 is a false bullish breakout. The price will reverse and undergo a massive sell-off to $45/36/32,000.
- Good scenario: We will see a growth signal in the next 2 weeks. BTC could rally to $58,000 and the price will have a correction to retest the $50,000 zone once again. we should see the next high of $60,000 and even $70/$80/$100,000.
Adhere to good investment principles and capital allocation.
Wishing everyone a great start to the week!!
However, BTC needs to break through the $54,000 area first in the future, if the price is indeed supported by a massive amount of strong buying from FOMO bulls.
- Bad Scenario: BTC breaking $50,000 is a false bullish breakout. The price will reverse and undergo a massive sell-off to $45/36/32,000.
- Good scenario: We will see a growth signal in the next 2 weeks. BTC could rally to $58,000 and the price will have a correction to retest the $50,000 zone once again. we should see the next high of $60,000 and even $70/$80/$100,000.
Adhere to good investment principles and capital allocation.
Wishing everyone a great start to the week!!
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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.
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.