Upon reviewing the Bitcoin chart on a weekly (logarithmic) timeframe, we observe that the price is trading around $61,200. It might penetrate below $59,500 to gather more liquidity! Letโs examine the scenarios together: if the price stabilizes and closes below $59,500, we may see a further decline, possibly even a correction in Bitcoin down to $53,210. This would be the first attractive demand zone. The second appealing buying range would be between $38,600 and $43,000, which you should keep an eye on! Note that Bitcoin corrections are buying opportunities for those who missed out on the previous upward trend. The medium-term targets for Bitcoin are, in order, $77,000, $85,000, and $100,000.
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Best Regards , Arman Shaban
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
์ฝ๋ฉํธ:
๐จโ๐ฆณ
BTC
: Bitcoin has now reached $62,000!
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