trendline draws the BTC price that has to be broken to see inversion of the current bearish trend within the 5th of January we will see either a drop to 10K/8K or a trend inversion that will test the restistance at 16K level
hello dear traders as we see bitcoin break the last and most high top in his history so this will lead us to a new areas i tried in this chart to figure the way that the bitcoin is going to move in the next dayes lets hope the best as i say always selling or buy is only with price action . good luck .
Hello Traders, Bitcoin is overdue for a correction. My proprietary model has produced the following targets. The percentage points communicate the probability of the level to be hit. The lower the probability the higher chance of a reversal. If Bitcoin continues to make new highs this idea becomes invalidated.
Looking to close the short at 862 USD, to be safe. The bear trend could hold, but the Long time Bitcoin chart is still bullish , so to let the short open is too risky.