Bitcoin Path Before New Bull Cycle Begins [Daily TM Analysis]
Dear Traders/Investors
As you can see on the chart, I believe Bitcoin is going to experience a rough patch on coming days/weeks. there are two possible scenarios for bitcoin to arrive at 14000 USD level before the new bull cycle begins.
A: Hit 20000 level then recovery to 25000-28000 and then head to 14000
B: Hit and break 20000 level and after a pullback heads straight to 14000 level
Apparently the stop loss for this analysis is 28000-30000 level to be broken upward.
I'll be glad if you share your thoughts and comments with me.
Stay safe guys and manage risk responsibly.
As you can see on the chart, I believe Bitcoin is going to experience a rough patch on coming days/weeks. there are two possible scenarios for bitcoin to arrive at 14000 USD level before the new bull cycle begins.
A: Hit 20000 level then recovery to 25000-28000 and then head to 14000
B: Hit and break 20000 level and after a pullback heads straight to 14000 level
Apparently the stop loss for this analysis is 28000-30000 level to be broken upward.
I'll be glad if you share your thoughts and comments with me.
Stay safe guys and manage risk responsibly.