In this chart, I first projected an estimate for Bitcoin's 21-week and 21-day EMAs based on historic patterns. Next, I hypothesis that bitcoin squeezes between these 21 week and 21 day moving averages in early March due to the current momentum of the bull trend. Like always, we should consider all possibilities, so I plotted a hypothetical price (yellow dashed line fading in confidence) for a move to the upside, downside and sideways.
The red rectangle box is what I believe will become the next resistance. Below that, you will see two green rectangle boxes, those are buy zones for me. I will buy 1x in the first green zone (~$27K) and then buy 2x in the second green zone (~$24.5K). If it drops even lower, I will buy 3x at ~$20.5K, and 5x if it re-tests $18K, but I think this is area is highly unlikely. I don't think you will ever see a 1 BTC under $20K ever again.
Regardless, BTC is coiled for a major move in the coming days to weeks. Remember the momentum of this bull market and watch the U.S. and global economy.
The red rectangle box is what I believe will become the next resistance. Below that, you will see two green rectangle boxes, those are buy zones for me. I will buy 1x in the first green zone (~$27K) and then buy 2x in the second green zone (~$24.5K). If it drops even lower, I will buy 3x at ~$20.5K, and 5x if it re-tests $18K, but I think this is area is highly unlikely. I don't think you will ever see a 1 BTC under $20K ever again.
Regardless, BTC is coiled for a major move in the coming days to weeks. Remember the momentum of this bull market and watch the U.S. and global economy.
