CAN BTC RECORD A NEW “”ALL TIME HIGH’’ THIS YEAR ??

28 mai 2022

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#BTC/USDT ANALYSIS;-
As we can see from the above-mentioned chart the numbers of green candles are likely more than red ones.

Following are the Bretons behind this chart update.

1. As we can observe BTC is holding the 0.618 FIB LEVEL very well for the last few days.
2. Multiple indicators are printing strength in higher time frame charts.
3. IMO, it needs to print a triple top pattern to record a new ATH.
4. IF BTC goes below the 0.618 fib level then it will record more choppy price action and it will end up with the long wicks in higher time frame charts.
5. Here we need some green candles.
6. Candle close above the price level of 32.8k for things to be stable and will trigger the rally. For the starter, it needs to break above the Black MA. (Observe the circles) which is the 30.8k level. Taking into account these points, there's a 65% possibility we will see a new ATH this year.
This is not financial advice it's just my take on BTC price action.

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