Mihai_Iacob

Bitcoin- New high before correction?

Long
Mihai_Iacob Zaktualizowano   
BITSTAMP:BTCUSD   Bitcoin
In my latest analysis of BTCUSD , I emphasized that the $35,000 mark serves as a robust support level for BTC.
As long as this threshold remains unbroken, the anticipation was for further upward momentum towards $40,000.

Now, with two weeks having passed since that analysis, Bitcoin has not only surpassed the $40,000 mark but has shown remarkable growth, exceeding 25% within this period.
This prompts a pivotal question: when can we expect a correction, or more precisely, from what level will it initiate?

In my opinion, there seems to be another peak on the horizon before any correction takes place, a notion supported by the current chart dynamics.
Following the recent upward surge and achieving a new high yesterday, BTC has started a consolidation phase in the form of a pennant.
This pattern, at least in theory, indicates the potential for another upward movement.

In summary, despite my consideration of a short trade, I am inclined to believe that the correction won't commence until BTC experiences another push, possibly surpassing the $45,000 threshold.

Komentarz:
Bitcoin remains in consolidation
Dips are bought and today s NFP could bring the trigger for new rally.
Keep an eye on 44k for a break

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.