WILL BTC HIT $29.5K?

30 במרץ 2023

Hello traders, I hope you all are doing well. It's been a while since I was not around posting updates. My apologies for the inconvenience.

Well, the daily open has been quite dramatic where we saw BTC reaching 29.2k and then quickly dropping back to 28k. With the recent price at 28.5k, I am expecting BTC to reach 29.5k followed by a small correction. But as you can see in the cart, there's a slight resistance at 28.6k and BTC needs a candle closing above this resistance to secure the 29.5k rally.

On the other hand, if BTC remains below the resistance level then we can expect some correction from the current price.

Note: This update is based on 2 hours timeframe so it is recommended for scalping or short-term trade. In a higher timeframe, BTC is yet to reach the 31K resistance.

I hope this hourly update was helpful to you. Thank you for reading and trade safely.

31 במרץ 2023

הערה

I hope you guys followed my update and are saved with your valuable funds.

What's next??

BTC can possibly reach close to 27K and then bounce back. Rejection below the 27K support will be a whole different story.

Trade safely.