BTC/USDT 4h simple analysis in 23rd/Apr

2021년 4월 23일

Hi, crypto traders.

BTC is in Down Trend now.

As I predicted yesterday, once price went down and was close to reach my target: 50,400USD.

This time, I think the price went down because of the following news.

Biden Eyeing Tax Rate as High as 43.4% in Next Economic Package
bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy?srnd=premium-asia

Since the trend is Down Trend, I think the price will try to break 50,000USD near the future.

If the price breaks 50,000USD, it goes down exponentially.

My prediction is as follows.

If BTC goes up:
1st target is 57,500USD
2nd target is 65,000USD

If BTC goes down:
1st target is 50,400USD
2nd target is 50,000USD (strong resistance)
3rd target is 43,000USD

Enjoy your trading.


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