💎 BTC/USDT - The Next Target is $62000, But? (READ THE CAPTION)

By examining Bitcoin in the weekly time frame, we can see that after the price started to grow, it finally managed to hit the $50,400 and $52,400 targets! The price is currently in a supply range ($52,400 to $53,300) and we have to see how the price will react when the weekly candle closes in 2 days! But overall the view is still bullish and the next targets will be $55500, $57800 and $62000 respectively!

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Best Regards , Arman Shaban

Comment:

By re-examining the Bitcoin chart in the weekly time frame, we see that the price is still trading in the range of $52,200 and the weekly candle closed at $52,130! The assumptions of the previous analysis are still valid and the possible targets in the short term will be $55,500, $57,800 and $62,000 respectively!

Trade closed: target reached:

BTC ~ $55,500 ✔️
BTC ~ $57,800 ✔️
BTC ~ $59,500 ✔️