As we expected earlier, the BTC price maintained a support along the blue line and took out some more long leverages on its way, now that we can be broken this crucial level, here are my upcoming price targets.
It might have some ups and downs but the 40.1k range seems to be where it is headed and it that support breaks (which is very likely to break in the upcoming week) we might see a drop to 37k soon after.
This price target will be invalid if we see some sideways action for a couple of weeks, which will again indicate a cool off period for the bull rally.
But at the current situation, I am slightly to the bearish perspective.
It might have some ups and downs but the 40.1k range seems to be where it is headed and it that support breaks (which is very likely to break in the upcoming week) we might see a drop to 37k soon after.
This price target will be invalid if we see some sideways action for a couple of weeks, which will again indicate a cool off period for the bull rally.
But at the current situation, I am slightly to the bearish perspective.