The Bitcoin weekly chart exhibits a pattern of three significant upswings, each nearing a 90% increase, followed by roughly 20% corrections after the first and second legs.
As we approach the halving event, a pullback of at least 20% seems plausible, suggesting a potential target around $58K.
Given this historical pattern and the cyclic nature of Bitcoin's price action, such a retracement would not be out of the ordinary.
As we approach the halving event, a pullback of at least 20% seems plausible, suggesting a potential target around $58K.
Given this historical pattern and the cyclic nature of Bitcoin's price action, such a retracement would not be out of the ordinary.
Nota
Bitcoin's trajectory is aligning with the anticipated path, descending towards the $58K mark. This level is critical as it may act as a magnet for stop orders, potentially culminating the completion of the second leg of its recent movements.Dagangan ditutup: sasaran tercapai
Could anyone else explain this pullback with such precision? I anticipated it accurately, and it happened just as I expected.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.