After accurately predicting the upward movement of bitcoin from the previous year (link), I envision this corrective path for it, and after that I see the continuation of the upward movement and high targets for it.
If the correction reaches the range of 49,000 to 50,000, we will reach oversold in weekly time and we are ready to start an upward movement.
But the important support in the long term will be the range of 41,000, in this case it can be said that we have had a long-term correction and this support has the power to easily break the previous ceiling.
We have a deeper support in the range of 28,000, which after reaching this support, the market will suffer a little, but from here we can imagine an upward movement.
Long-term targets for Bitcoin range from 240,000 to 300,000, after which we have a time correction, then we have the final target of 1,700,000 to 2,130,000 or 2,340,000.
Good luck
Ali Rezaei
If the correction reaches the range of 49,000 to 50,000, we will reach oversold in weekly time and we are ready to start an upward movement.
But the important support in the long term will be the range of 41,000, in this case it can be said that we have had a long-term correction and this support has the power to easily break the previous ceiling.
We have a deeper support in the range of 28,000, which after reaching this support, the market will suffer a little, but from here we can imagine an upward movement.
Long-term targets for Bitcoin range from 240,000 to 300,000, after which we have a time correction, then we have the final target of 1,700,000 to 2,130,000 or 2,340,000.
Good luck
Ali Rezaei