BTC path ready for 50K

٣ يناير ٢٠٢٤

BTC just broke the previous 50% levels and formed new higher high. This could indicate that BTC path to 50k is imminent.

To reach 50k, BTC must break the 47300 level.

I would DCA from this point onwards.

/please DYOR/trade at your own risk

٤ يناير ٢٠٢٤

ملاحظة

BTC was unable to break the 45100 level and instead retested the 40700 level support. It may take another 3 cycles to reach the 45100 level and probably break this level.

٤ يناير ٢٠٢٤

ملاحظة

I bought BTC at 45100 level. To conserve potential profit, I would buy ETH using ETH/BTC pair. Since BTC/USDT and ETH/USDT are highly correlated, I can still earn from selling ETH once BTC or ETH bounced back from the 45100 support level. I bought more BTC at the current 40700 level.