Hello friends, as you can see in the picture, Bitcoin has been out of its long-term channel for 260 days, and as you can see, the price has again approached the base line of the channel and tested it and continues its downward trend. . . . . . . . . . . As I said earlier on my page, I expect Bitcoin to reach $20,000. A breach of this scenario is by breaking the $32,000 resistance. As long as we are below 32,000, the 20,000 scenario is active for us.
If the 20,000 level is destroyed, I expect the price to reach 16,000.
If 16,000 is broken, my expectation is that the price will test between 8,000 and 1,164,600 and this area can push the price higher and we will see buyers.
If this area is lost, the price can be reduced to 3700.
My suggestion is to put your money in stages, ie start buying at support
There are 304 days left until the Bitcoin halving, until then we will have to see which floor the price will reach.
Note that Bitcoin halving is near, we should start saving little by little
what is your opinion?
If the 20,000 level is destroyed, I expect the price to reach 16,000.
If 16,000 is broken, my expectation is that the price will test between 8,000 and 1,164,600 and this area can push the price higher and we will see buyers.
If this area is lost, the price can be reduced to 3700.
My suggestion is to put your money in stages, ie start buying at support
There are 304 days left until the Bitcoin halving, until then we will have to see which floor the price will reach.
Note that Bitcoin halving is near, we should start saving little by little
what is your opinion?