BTCUSDT: Past and upcoming Monthly scenerio!!
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Let's analyse BTCUSDT on higher time frame:
BTCUSDT recently showed a strong daily close, indicating that bulls are still in control over bears. This close above the crucial EMA line was essential for BTC to maintain its upward momentum toward 70k. The price dipped below this EMA three times previously, each time pushing BTC down past
54K, allowing whales to accumulate at lower prices, highlighted by the red box.
Currently, BTC is positioned above both the EMA and the green channel, which signifies a strong demand zone just below 60k. As long as BTC remains above these two key levels, we can expect upward movement or at least sideways trading.
Forecasts suggest BTC could reach 68k - 69k before the US elections, with a potential retest during or after that period. A breakout above 72k is anticipated within the next 60-70 days.
So, get ready for the bull run; BTC has provided ample opportunities for entry at lower prices, and it’s unlikely to dip much further.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse BTCUSDT on higher time frame:
BTCUSDT recently showed a strong daily close, indicating that bulls are still in control over bears. This close above the crucial EMA line was essential for BTC to maintain its upward momentum toward 70k. The price dipped below this EMA three times previously, each time pushing BTC down past
54K, allowing whales to accumulate at lower prices, highlighted by the red box.Currently, BTC is positioned above both the EMA and the green channel, which signifies a strong demand zone just below 60k. As long as BTC remains above these two key levels, we can expect upward movement or at least sideways trading.
Forecasts suggest BTC could reach 68k - 69k before the US elections, with a potential retest during or after that period. A breakout above 72k is anticipated within the next 60-70 days.
So, get ready for the bull run; BTC has provided ample opportunities for entry at lower prices, and it’s unlikely to dip much further.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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