Bitcoin Bull Run Is Over ? Eventual drop below 40k is likely IMO
Price is consolidating in a daily range since the past two months ,profit booking is clearly visible around 65000 last April Mid. BTC likely to continue in the same range 45k-60k for few more weeks and gradually starts to erase most of its gain in our opinion.
Obviously range top and bottom are ideal for scalps, however, we do not recommend any serious long term investment at this price level. Okay to go price is the 50% fib which is around 37k and an ideal level to invest for long term is below the 61.8% Fib level (21k-30k).So be patient, long invincible bull run is over ,invest gradually and hold it for long term, definitely it gonna reward .
Trend : Range
Signal : Scalp in 45-60k price level
Okay to go long price : 37k
Ideal price for investment : 21-30k
Obviously range top and bottom are ideal for scalps, however, we do not recommend any serious long term investment at this price level. Okay to go price is the 50% fib which is around 37k and an ideal level to invest for long term is below the 61.8% Fib level (21k-30k).So be patient, long invincible bull run is over ,invest gradually and hold it for long term, definitely it gonna reward .
Trend : Range
Signal : Scalp in 45-60k price level
Okay to go long price : 37k
Ideal price for investment : 21-30k
Comment:
Forecasted levels reached !