Bitcoin to reach $60,000 but could drop to $27,600
NOT FINANCIAL ADVICE JUST MY ANALYSIS OF THE CHART PATTERNS.
3 white solders on the weekly are giving a target of $60,000 on the upside.
Inside day on the weekly points to lower target of $27,601 so be cautious.
There are many other chart patterns and candlesticks all giving targets around these prices with a high level of certainty.
The good news is that if the upper target is reached that should stop out the lower target pattern and we can continue upwards. The critical price point to break is US $48,911. If the price goes above that you can expect it to continue upwards.
I would recommend considering a trading range between these two values.
3 white solders on the weekly are giving a target of $60,000 on the upside.
Inside day on the weekly points to lower target of $27,601 so be cautious.
There are many other chart patterns and candlesticks all giving targets around these prices with a high level of certainty.
The good news is that if the upper target is reached that should stop out the lower target pattern and we can continue upwards. The critical price point to break is US $48,911. If the price goes above that you can expect it to continue upwards.
I would recommend considering a trading range between these two values.