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BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving.
What I see is the potential for two scenarios playing out, both based on fractals (bullish and bearish). Both fractals will have certain conditions, and I will point them out in detail so we will know what to look for.
From a diagonal trendline analysis, 61K is a potential touch point. If we lose this support, the bearish fractal becomes more likely.
The potential bearish fractal:
The other scenario that is a possibility, is a correction followed by a longer period of range/sideways trading before an even higher new ATH, as we saw right after the ATH in 2013:
This scenario is more likely when we stay ABOVE the 60k support zone. From a larger timeframe, that fractal played out like this:
From a macro perspective / multi-month / multi year, I believe BTC has even higher highs in store:
NOTE : Because there are so many large institutions in the game this time, I don't expect the correction to be as big as per previous cycles.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BTCUSDT
BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving.
What I see is the potential for two scenarios playing out, both based on fractals (bullish and bearish). Both fractals will have certain conditions, and I will point them out in detail so we will know what to look for.
From a diagonal trendline analysis, 61K is a potential touch point. If we lose this support, the bearish fractal becomes more likely.
The potential bearish fractal:
The other scenario that is a possibility, is a correction followed by a longer period of range/sideways trading before an even higher new ATH, as we saw right after the ATH in 2013:
This scenario is more likely when we stay ABOVE the 60k support zone. From a larger timeframe, that fractal played out like this:
From a macro perspective / multi-month / multi year, I believe BTC has even higher highs in store:
NOTE : Because there are so many large institutions in the game this time, I don't expect the correction to be as big as per previous cycles.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BTCUSDT 
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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.