The virtual coins are rolling untypically smoothly these days. Neither bulls nor bears seem to be too interested in catching them. However, we expect some new movement soon. The price could go up into the lower half of the magenta colored area between $55296 and $65870. Somewhere in there, it should change its mind and fall down below the support line at $41634. At this point, further downward movement is very likely.
Then again, Bitcoin could also decide to break through the magenta-zone, aiming for the support line at $68958. Once it has hit this mark, there is a 20% chance that it might rise further still.
Then again, Bitcoin could also decide to break through the magenta-zone, aiming for the support line at $68958. Once it has hit this mark, there is a 20% chance that it might rise further still.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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