BTC target before halving
So, I've been analyzing the BTC price and currently it's at 29,063.
Here's what I think might happen next.
If we can hold above this level, my next targets are 41,027 and 47,235 before a potential pullback and the next leg up towards the all time high.
Let me explain my analysis a bit.
The targets, 41,027 and 47,235, are derived from a technical indicator called FRVP, where I'm specifically looking at the VAH (Value Area High) level.
The VAH level is significant because it indicates a price level within a specific range where a higher concentration of trading volume occurs. It often acts as a crucial support or resistance level.
So, if BTC manages to reach 41,027, it could act as a short term top before the next major bull run begins. This means the price might face some resistance around this level, causing a potential pullback before continuing its upward movement.
If we can surpass 47,235, it might signal the start of a significant bull market.
Here's what I think might happen next.
If we can hold above this level, my next targets are 41,027 and 47,235 before a potential pullback and the next leg up towards the all time high.
Let me explain my analysis a bit.
The targets, 41,027 and 47,235, are derived from a technical indicator called FRVP, where I'm specifically looking at the VAH (Value Area High) level.
The VAH level is significant because it indicates a price level within a specific range where a higher concentration of trading volume occurs. It often acts as a crucial support or resistance level.
So, if BTC manages to reach 41,027, it could act as a short term top before the next major bull run begins. This means the price might face some resistance around this level, causing a potential pullback before continuing its upward movement.
If we can surpass 47,235, it might signal the start of a significant bull market.
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