PREDICTING #BITCOIN'S NEXT MOVE ⟶ SUPPORT ZONES & TARGETS
Hey everyone! 👋
Did you see the previous post? Since October 23rd, I've consistently backed a #BITCOIN growth, and in this time, #BITCOIN has experienced over 10% growth! 📈 (I’ll pin previous analyses and predictions below, take a look 👇)
Now, it seems like we’ve reached a critical point, or better yet, a decision point 🔍. Today’s bearish drop and the structure of this drop suggest that the probability of further growth remains strong. 🌱
There are two scenarios to confirm this growth:
**Scenario 1:**
If #BITCOIN grows from here, before dipping below 71,436, and breaks out of the bearish channel with a 1-hour candle closing above 72,470.00, this signals bullish growth 🚀.
**Scenario 2 (more likely):**
#BITCOIN might experience one more drop down to the bullish trend-line on the 1-hour time frame. This support zone between 69,940.81 - 70,458.15 is likely where a bottom could form before a bullish movement begins 📉➡️📈.
**Next growth targets if either scenario 1 or 2 is confirmed:**
- **Target 1:** 73,532.01 🎯
- **Target 2:** 74,316.41 - 74,742.20 🎯
- **Target 3:** 75,900.00 🎯
**Note:** Going beyond Target 3 carries more risk; if this target is achieved, we should reassess the conditions for continued bullish growth or a potential bearish reversal ⚠️.
**Stop-Loss for this growth scenario:**
If the bullish trend-line on the 1-hour time-frame breaks to the downside, the bullish growth scenario is canceled, and the trend shifts from bullish to bearish ❌.
So, stay tuned! 👀
Did you see the previous post? Since October 23rd, I've consistently backed a #BITCOIN growth, and in this time, #BITCOIN has experienced over 10% growth! 📈 (I’ll pin previous analyses and predictions below, take a look 👇)
Now, it seems like we’ve reached a critical point, or better yet, a decision point 🔍. Today’s bearish drop and the structure of this drop suggest that the probability of further growth remains strong. 🌱
There are two scenarios to confirm this growth:
**Scenario 1:**
If #BITCOIN grows from here, before dipping below 71,436, and breaks out of the bearish channel with a 1-hour candle closing above 72,470.00, this signals bullish growth 🚀.
**Scenario 2 (more likely):**
#BITCOIN might experience one more drop down to the bullish trend-line on the 1-hour time frame. This support zone between 69,940.81 - 70,458.15 is likely where a bottom could form before a bullish movement begins 📉➡️📈.
**Next growth targets if either scenario 1 or 2 is confirmed:**
- **Target 1:** 73,532.01 🎯
- **Target 2:** 74,316.41 - 74,742.20 🎯
- **Target 3:** 75,900.00 🎯
**Note:** Going beyond Target 3 carries more risk; if this target is achieved, we should reassess the conditions for continued bullish growth or a potential bearish reversal ⚠️.
**Stop-Loss for this growth scenario:**
If the bullish trend-line on the 1-hour time-frame breaks to the downside, the bullish growth scenario is canceled, and the trend shifts from bullish to bearish ❌.
So, stay tuned! 👀
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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.
منشورات ذات صلة
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.