The price seems to have bottomed. What do we expect from the course in the coming days?
Two scenarios: bullish and bearish.
Bullish
Bitcoin seems to find support at $ 54,200, (black line) The price could reach USD 58,375 in the coming days, the highest point in February. --> See green line
This seems to be the case!
Bearish
What if bitcoin falls below the orange line? The first support may well be the $ 1 trillion mark at the price of 53,600.
Is bitcoin dropping further? Then the next support is at 52,700 dollars. Which comes together with the 200 EMA.
Does it drops further?? It could be that bitcoin is looking for the price target of the symmetrical triangle. In that case, bitcoin finds support at $ 49,700.
Two scenarios: bullish and bearish.
Bullish
Bitcoin seems to find support at $ 54,200, (black line) The price could reach USD 58,375 in the coming days, the highest point in February. --> See green line
This seems to be the case!
Bearish
What if bitcoin falls below the orange line? The first support may well be the $ 1 trillion mark at the price of 53,600.
Is bitcoin dropping further? Then the next support is at 52,700 dollars. Which comes together with the 200 EMA.
Does it drops further?? It could be that bitcoin is looking for the price target of the symmetrical triangle. In that case, bitcoin finds support at $ 49,700.