BTCUSDT BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of FWB:39K-40K.
In this week, bitcoin price breaks the ascending channel (in yellow).
Overall, in my opinion, as long as the price of Bitcoin does not fall below the red-line support, there is a possibility that it will go higher.
But if the price loses the support, the level of 31,700 to 30,200 will be a strong support for Bitcoin in the bearish scenario.
โ๐ฅIf you are satisfied with my analytical content, please share my ideas๐ฅโ โ๐ฑโ๐คOtherwise, make sure you leave comments and let me know what you think.๐ฑโ๐คโ ๐ค๐พThank you for your support. I hope you will gain profit by following my analyses.๐พ๐ค
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Bitcoin is losing momentum. So, either the price goes up, or it starts testing lower levels. The FOMC meeting and other geopolitical factors could affect this week's forecast, and a target of 30,000 is possible.๐ฑโ๐คโ
๋ ธํธ
After consolidating above the indicated level, Bitcoin went through a bullish scenario. Wait for the next updates. โ๐ฅ