Bitcoin Mid-Term Analysis
4H Timeframe:
Bitcoin broke through the $70,000 area and pulled back, forming a lower low and a lower high.
These are the first signs of a trend change in the medium term.
Based on this analysis, the first target for this correction is the $63,000 area and the second target is the $61,000 area.
Weekly Timeframe:
Bitcoin is still in an uptrend in the weekly timeframe.
Therefore, caution should be exercised when taking a short position.
Long-Term Trend:
The price trend in the long term is strongly bullish.
Any price drop at this stage could be a good opportunity for traders to re-enter and could be just a correction.
Historical Precedent:
In previous Bitcoin cycles, there have been corrections before halvings.
Therefore, it is not unexpected that this will happen in this cycle as well.
Disclaimer:
The analysis provided here is for informational purposes only.
You are solely responsible for the consequences of any trades you make based on this information.
Bitcoin broke through the $70,000 area and pulled back, forming a lower low and a lower high.
These are the first signs of a trend change in the medium term.
Based on this analysis, the first target for this correction is the $63,000 area and the second target is the $61,000 area.
Weekly Timeframe:
Bitcoin is still in an uptrend in the weekly timeframe.
Therefore, caution should be exercised when taking a short position.
Long-Term Trend:
The price trend in the long term is strongly bullish.
Any price drop at this stage could be a good opportunity for traders to re-enter and could be just a correction.
Historical Precedent:
In previous Bitcoin cycles, there have been corrections before halvings.
Therefore, it is not unexpected that this will happen in this cycle as well.
Disclaimer:
The analysis provided here is for informational purposes only.
You are solely responsible for the consequences of any trades you make based on this information.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.