BTCUSDT Whales' Waiting Game
Today, Bitcoin exhibited a significant upward spike, although its rally halted precisely at the 527% Fibonacci resistance level. This occurrence has raised questions regarding the potential for further price increases. Interestingly, this could be precisely what large investors are waiting for – a consolidation at this level. So, while there is an increased likelihood of a downward move for BTCUSDT, market dynamics may unfold differently than expected.
In the current landscape, it's a risky endeavor to make definitive buying or selling decisions as Bitcoin maintains its range-bound state within the $25,000 to $31,000 price consolidation zone. However, if the present resistance, situated at the psychological level of $30,000, is conquered by the buyers, we anticipate a continuation of the upward trend. In this scenario, the next significant target emerges around $34,800, aligning with a double Fibonacci resistance level.
In the current landscape, it's a risky endeavor to make definitive buying or selling decisions as Bitcoin maintains its range-bound state within the $25,000 to $31,000 price consolidation zone. However, if the present resistance, situated at the psychological level of $30,000, is conquered by the buyers, we anticipate a continuation of the upward trend. In this scenario, the next significant target emerges around $34,800, aligning with a double Fibonacci resistance level.
أغلقت الصفقة: تم الوصول للهدف
The Whales' Waiting Game Ends: #BTCUSDT Shatters Resistance, Hits Target 🚀 #Bitcoin
ملاحظة
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📱 Telegram: t.me/Tradensee
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.