aaronsvd

Bitcoin (Simple Technical Analysis)

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
This is how I see BTC, it could potential play sideways, channeling between 40k-51k(maxed 39k-52k). BUT, if it ever reach 53/54k then it could reach 57k and will retrace down to 50k area and a potential new ATH(could be around 74k) can happen.

BTC still Bullish. The price right now is actually a good opportunity for those who want to invest long term.

But this is just an idea and a simple analysis which I made, and the recent dip actually made sense to how I see the chart. I just don't want to make it confusing, as simple as it is.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.