85K bitcoin next week?
Currently we are seeing the bitcoin price drop from its new path... as you can see on this chart price got rejected at a very strong resistance level but do not panic! if you look at price and its history you can see most of the time we cross an all time high we usually get a drop of 10-30%, currently bitcoin is down 10% from its all time high. A drop in price after crossing all time high should not worry you one bit.
this chart you are seeing might look messy but there is 2 lines that really mean something.The orange line price got rejected at is the first important resistance.the next important resistance is the blue line (around 86k).
we are also forming a lot of bullish patterns! we are currently undervalued if you look at the RSI on the 1H, we are also forming a huge bull flag with a target of 85k... you know what else is near 85k? that important blue resistance line i was talking about.
here is the plan!
the plan is to buy at 60,100 but do be warned that price would drop all the way down to 57,294(i dont think we will go that low but its a possibility.
my first target is at 67,476 (this is that first strong resistance we talked about) if we break that level we should be on our way to 86k
my other buying point is at 73,749
i do think that this could happen by the end of next week! if we do end this month at 86k this would be huge because my 200k-380k price target for the end of the year would come true!
and remember, November is historically a better month for crypto! if you thought October was a good month for crypto watch out for November!
Go look at my previous post to see why bitcoin could reach 2 million dollars+ by the end of 2026!
this chart you are seeing might look messy but there is 2 lines that really mean something.The orange line price got rejected at is the first important resistance.the next important resistance is the blue line (around 86k).
we are also forming a lot of bullish patterns! we are currently undervalued if you look at the RSI on the 1H, we are also forming a huge bull flag with a target of 85k... you know what else is near 85k? that important blue resistance line i was talking about.
here is the plan!
the plan is to buy at 60,100 but do be warned that price would drop all the way down to 57,294(i dont think we will go that low but its a possibility.
my first target is at 67,476 (this is that first strong resistance we talked about) if we break that level we should be on our way to 86k
my other buying point is at 73,749
i do think that this could happen by the end of next week! if we do end this month at 86k this would be huge because my 200k-380k price target for the end of the year would come true!
and remember, November is historically a better month for crypto! if you thought October was a good month for crypto watch out for November!
Go look at my previous post to see why bitcoin could reach 2 million dollars+ by the end of 2026!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.