Trading_Cryptoo(@ebrahem)'s insights

Post

$BTC 📊
Bitcoin, as we talked about, is really continuing to dip
and will likely hit the main bottom at 50k 🧐
It might touch 46k with a wick on the candlestick, and here, God willing, the correction will end and the next bullish wave will start...⏳

Trading_Cryptoo

$BTC 📊
Bitcoin has officially hit resistance at $82,786 🧐
Then the price dropped to support at $74,604.

Here, it has two options to choose from ❗️
Option one ❕🔍
If it holds below the main support zone of $74,604
and also breaks $72,000 as shown in the red highlighted candlestick chart,
it could continue its descent to the end of the correction at $50k, closing the price gap at $49k.
Then it may start a bullish wave that could reach $130k - $166k - $201k in the long run.

Option two ❕🔍
If Bitcoin can hold above the support at $74,604 as illustrated in the chart,
it may retest the resistance area at $82,786 and could even reach resistance at $87,908.
Because these are two main resistances:
the first at $82,786 and the second at $87,908.
Then the price could drop sharply to the main bottom at $50k, marking the end of the correction phase, and the bullish wave for Bitcoin begins, starting an upward trend.

🎖This means all options will likely head to the main bottom at $50k 🤝

Even at the bottom around $50k, Bitcoin may not settle for $49k and could quickly touch $46k.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

BTC+0.33%