Bitcoin Update: Possible Scenarios
Bitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move.
Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at 44K and 37K, where the price could bounce back in case of a market crash in the upcoming month.
I find the scenario of support at 37K more probable than the other two scenarios:
DYOR
Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at 44K and 37K, where the price could bounce back in case of a market crash in the upcoming month.
I find the scenario of support at 37K more probable than the other two scenarios:
- a bounce back from the 44K level
- or in a bullish scenario, breaking the last high at 70K to make new highs towards 100K
DYOR
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