SasanSeifi 💁‍♂Long-Term 5-Day Timeframe

29 mar

Hey there,✌
As observed on the BTCUSDT chart, the price has been on an upward trend since early 2023, reaching a high of $73,000. After breaking its all-time high (ATH), the price has entered a consolidation phase for about 19 days.

Here are some possible scenarios:
⏩After the consolidation period and volume accumulation, the price could potentially rise to the target range of $78,000-$80,000. Following a negative reaction or pullback, it could resume its upward trend and reach the $100,000 mark in the long term. To better understand the continuation of this trend, it is crucial to observe how the price reacts to the $80,000 resistance level.

⏩Alternatively, If the price breaks below the $60,000 level after consolidation and confirms support below it, the probability of a deeper correction increases.

This is not financial advice. Always do your research before making any investment decisions.❗
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
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