Technical and Statistical Time-Series Analysis for Bitcoin (BTC)

3월 29일

Technical and Statistical Time-Series Analysis for Bitcoin (BTC) 📈

Bitcoin is currently trading around $82,000, having breached the critical support level at $80,548. This breakdown, combined with a potential daily close below this level, indicates a likelihood of accelerated downward momentum towards the corrective cycle's end target of $71,823. This target is anticipated to be reached within a short timeframe, between April 9th and 11th.

Price Movement Predictions: 🔮

March 30th - 31st:
A price rebound from $80,548 to $85,098 is expected, serving as a retest. Any rejection from the $85,098 range will signal a continuation of the corrective downtrend. 📉
March 31st - April 10th:
Continuation of the downward cycle is anticipated, targeting the following levels:
First Target: $76,123 🎯
Second Target: $71,823 🎯

April 11th or 12th:
A potential trend reversal towards a strong uptrend is foreseen. 🚀

Invalidation of the Scenario: ⚠️
This scenario will be invalidated if the price breaks above and closes above $90,000. This breakout and close, especially if sustained for three consecutive days, would signal the end of the correction and the resumption of the uptrend towards a new peak. 🔝

Notes: 📝
These predictions are based on technical analysis and do not constitute investment advice. 🚫
The cryptocurrency market is highly volatile, and trading involves significant risk. Proceed with caution. 🚨
It is very important to pay close attention to the economic market news, that can change any technical analysis. 📰

3월 29일

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