My short-term view on BTC
Hi everyone. This is how I expect BTC to perform in the following days/weeks.
I have 2 scenarios:
1. BTC will start to fall towards the next support zones but it depends on how quick this will happen. The price might start to fall from now, or it can retest the $69.000 and then start to fall. In order to drop below $50.000 the price action must happen very quick.
2. BTC will remain in this range until the volatility drops and the the price will start to pump.
These are just short-term scenarios! Whatever scenario happens, the main plan is to get to break $74.000 and take that zone as support.
I have 2 scenarios:
1. BTC will start to fall towards the next support zones but it depends on how quick this will happen. The price might start to fall from now, or it can retest the $69.000 and then start to fall. In order to drop below $50.000 the price action must happen very quick.
2. BTC will remain in this range until the volatility drops and the the price will start to pump.
These are just short-term scenarios! Whatever scenario happens, the main plan is to get to break $74.000 and take that zone as support.
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