3 Scenarios
1,Greenline - 70% possible
- BTC could break this trend line and go to a new ATH (Green box) which is around 65k.
2, Blueline - 60% possibility
- BTC could be stopped and move back to the new support level at 53k.
- Here it could draw a triangle and break later.
3, Redline - Least possibility
- BTC could fly through the resistance at 53k...
- this can only happen with a lot of sellof
- then it could move to 48k or 46k
Im pretty bullish on BTC right now.
The red line isn't probably going to happen
1,Greenline - 70% possible
- BTC could break this trend line and go to a new ATH (Green box) which is around 65k.
2, Blueline - 60% possibility
- BTC could be stopped and move back to the new support level at 53k.
- Here it could draw a triangle and break later.
3, Redline - Least possibility
- BTC could fly through the resistance at 53k...
- this can only happen with a lot of sellof
- then it could move to 48k or 46k
Im pretty bullish on BTC right now.
The red line isn't probably going to happen
