This is just an idea as bitcoin has been moving down quite rapidly today through a previous range toward the value area low and through the point of control. The high's of the range seem a bit off and the previous high from June/July 2022 as we broke below 32k.
We have an untapped level at approx 32 ,000 - 32 ,300 and the market may move to test this level.
If we lose the lower value area, price target becomes bearish back down to $24k -
25K
range.
With more time we will be able to see the markets reaction on where it wants to move.
Only time will tell...
We have an untapped level at approx 32 ,000 - 32 ,300 and the market may move to test this level.
If we lose the lower value area, price target becomes bearish back down to $24k -
25K
range. With more time we will be able to see the markets reaction on where it wants to move.
Only time will tell...
Trade closed: target reached:
80% off the table, nice move
Bottom Value area is at $ 26,600 - $ 26,800