Bitcoin Technical Analysis (BTC/USDT) for the upcoming months.
Here a short analysis of BTC/USDT on Binance using key levels, trendlines, EMA's and Trendlines. This is purely technical analysis and you should be aware that crypto's can move very suddenly and neglecting technical analysis.
In this analysis, I highlighted a potential path Bitcoin can take, where it will first drop down with a retest to the strong key level it is at right now, after which it might hit 20.000 and I think that this value can be the cataclyst for the new bullish move for BITC/USDT. The limit of this move is virtually infinite, but I would look at a move to atleast 40.000 in a few months.
I also highlighted a sell area, but this is only valid if it reaches it in the timeframe of the rectangle and if Bitcoin will not fullfill the other drawn path. This is purely a short-term trading setup while the buy area is more of a hold zone.
In this analysis, I highlighted a potential path Bitcoin can take, where it will first drop down with a retest to the strong key level it is at right now, after which it might hit 20.000 and I think that this value can be the cataclyst for the new bullish move for BITC/USDT. The limit of this move is virtually infinite, but I would look at a move to atleast 40.000 in a few months.
I also highlighted a sell area, but this is only valid if it reaches it in the timeframe of the rectangle and if Bitcoin will not fullfill the other drawn path. This is purely a short-term trading setup while the buy area is more of a hold zone.