Hi, crypto traders.
BTC is in a sideways market now.
The price kept under 20h (red) line and reached 47,000USD again, but after that it bounced and broke 20h (red) line to the upper side. It seems the candle continues to go up.
If the candle continues to go up, the cross-point with 80h (blue) line: 52,000USD and the cross-point with 240h (green) line: 55,000USD will be the targets.
But we should mind that the trend is close to a downtrend. If the candle breaks 20h (red) line to the lower side, the trend will be a Strong Downtrend again.
Today’s Check Points
- The candle continues to go up and breaks 52,000USD?
- The candle changes negatively and breaks 46,000USD?
TODAY’s Target Price
◇BTC goes up◇
- 1st target: 52,000USD (Cross-point with 80h line)
- 2nd target: 55,000USD (Cross-point with 240h line)
- 3rd target: 58,000USD
◇BTC goes down◇
- 1st target: 46,000USD
- 2nd target: 43,000USD
- 3rd target is 40,000USD (A nice round number)
Enjoy your trading.
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