BTCUSD is currently locked above 4,500. If it continues to keep pushing up, it could rise parabolically and the most fearful thing could happen - a huge correction.
For now, I see BTC touching 4,800 before going down. It could also push further upwards if the market demands so.
These are the support I see in order of critical level:
4000 - a bit critical
3500 - average critical
2500 - most critical
For now, I see BTC touching 4,800 before going down. It could also push further upwards if the market demands so.
These are the support I see in order of critical level:
4000 - a bit critical
3500 - average critical
2500 - most critical
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Still safe as long as it stays above the uptrend line
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We're near 4800
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we just hit target at 4834. will this be the correction?
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We just hit support. Nothing to worry about as long as it stays above support.
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4k touchdown. Would need to stay above 4k if BTC wants to continue moving up. Then if it retests all time high above 4,800 it should need to break above it in order to avoid moving further down. If we fail to break 4,800 then we could see a lower move to 3,500 and most probably 2,500.
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Seems like the downtrend idea could be possible today.
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And so this idea happened. If we will break below 3,400, we could see 2,500.
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We're hitting the targets
