To begin with, we warned a week ago that a fall could begin. Monday-Tuesday was very red. Bitcoin fell by -20% in 2-3 days, and altcoins fell to -50%
Also in the middle of the week, we gave two BTC ideas: The first is for a rebound, the second is now working out a .
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The weekly candle completely discourages the desire to enter longs. Though, theoretically, next week we can expect another BTCUSD growth, possibly up to $52,000, and maybe up to $55,000-56,000.
In the middle of the week, we update the BTCUSDT idea on a smaller timeframe.
Now for your attention the global picture of the BTCUSD pair
+ There are channels on the chart that work out very well for a long time.
+ Gann’s box, which could theoretically tell us important dates in the future.
+ Fibo levels which can indicate important support levels and future growth targets.
+ And also the of the possible future BTCUSDT price movement is copied.
If this forecast works out, then we can still see BTC per $12,000, and then a parabolic growth to almost $400,000 per one BTC . While this is a fantasy, which in 2023 can become reality :)
BTC dominance picture hasn’t changed much over the week. Further, there is a channel at the bottom of the 3-year channel.
Therefore, the probability of a rebound of dominance to 68% is quite high, which in turn can provoke an increase in the BTCUSDT price pair.
We expect that altcoins will grow along with BTC , since today altcoins fell weaker on the downward movements of Bitcoin .
We have summed up the statistics of our ideas fulfilment here, please read and rate)
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Since 2016, we have been analyzing and trading the cryptocurrency market.
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