Pages:
Author

Topic: BTC/USD Price Analysis - $72,000 will be the first target - page 2. (Read 227 times)

hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
I will not trade on these current level price of Bitcoin.
I am afraid if Bitcoin will make a double top bearish pattern from its previous all-time-high.
But on the other hand, if it will manage to break the previous all-time-high I'll be more bullish, and $70,xxx region is gonna be the next level for Bitcoin. Btw, good spot for the ascending triangle pattern, which is a bullish pattern.
It's very possible that it will break the ATH that it has made on top of $58k. And again, there's another resistance that it has to break and it's getting harder to back to that price this time. But I see it as a good scene, not that much good news and just the normal go for the market yet it has been back to $55k in ease.

Understandable that no one wants to trade at this price point but I think that it could be an opportunity to do leverage trading because it can be an opportunity to make more money just by believing that bitcoin will go higher
It's not no one that wants to trade at this point, it's that traders are cautious at these levels but as we see, there's still a huge volume that happens which means that there are a lot of traders that are committing trades at this level.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
I will not trade on these current level price of Bitcoin.
I am afraid if Bitcoin will make a double top bearish pattern from its previous all-time-high.
But on the other hand, if it will manage to break the previous all-time-high I'll be more bullish, and $70,xxx region is gonna be the next level for Bitcoin. Btw, good spot for the ascending triangle pattern, which is a bullish pattern.
Understandable that no one wants to trade at this price point but I think that it could be an opportunity to do leverage trading because it can be an opportunity to make more money just by believing that bitcoin will go higher, I hope that it will reach that because if that were to happen that means that a 6 digit prices is going to be a possibility. By the way, shouldn't this thread be on the Speculation?
legendary
Activity: 2506
Merit: 1394
I will not trade on these current level price of Bitcoin.
I am afraid if Bitcoin will make a double top bearish pattern from its previous all-time-high.
But on the other hand, if it will manage to break the previous all-time-high I'll be more bullish, and $70,xxx region is gonna be the next level for Bitcoin. Btw, good spot for the ascending triangle pattern, which is a bullish pattern.
copper member
Activity: 26
Merit: 3
Bitcoin broke above the $55,000, which completed an ascending triangle pattern. This bullish setup has a target objective at $61,000. The bears attempted to stall the up-move today, but the long tail on the candlestick shows strong buying on dips.

The 20-day EMA has turned up and the RSI has climbed close to the overbought area, indicating that bulls are in control.



If the bulls can drive the price above $58,300 again, the rising channel will open. The next major target on the upside is $72,000.

Another possibility is that the price may rise above the all-time high, but the bears will try to trap the aggressive bulls and attempt to pull the price below $52,000.

In order to reverse the trend, the bears will have to sink the price below the most recent swing low at $43,000.
Pages:
Jump to: