According to the chart we can see that BTC not trading by range price between 45000 - 55000
Yes it's very big price range but, the tunnel that you can see by the chart very scary
1 we may see rise price till 55000 from now , and it's the good news but then we can easy get to step 2
2 down trend - target 40000
the most scary and not my best prediction that BTC may go till area of 32000-34000 and that point will give us 78% of retracements by fibo
It's scary and everything may be changed by big investors like Elon and Grace scale but now it looks like the most real scenario
Short term - Buy and hold till 55000
Long term - Correction
Yes it's very big price range but, the tunnel that you can see by the chart very scary
1 we may see rise price till 55000 from now , and it's the good news but then we can easy get to step 2
2 down trend - target 40000
the most scary and not my best prediction that BTC may go till area of 32000-34000 and that point will give us 78% of retracements by fibo
It's scary and everything may be changed by big investors like Elon and Grace scale but now it looks like the most real scenario
Short term - Buy and hold till 55000
Long term - Correction