Co-Founder at growandconvert.com / Technical analyst that focuses on stocks and crypto markets
24 Followers
Very cool! Thanks for the warm welcome.
Thanks for the warm welcome. Will do. What type of takes are you looking for?
The path for BTC for the remainder of 2024-25. I had a bearish bias back in June and we’ve since touched the lower support at $48k. So what’s next? My bias still leans towards the bearish outcome. The monthly doesn’t look great here. We’d need a strong reversal above $65k to negate a bearish outcome of $30k (or lower). I think the most likely outcome is a flush down over the next 1-4 weeks to $33-38k, then a rally back into the 40s before a further move down later this year or potentially into 2025 to the target on the chart. https://www.tradingview.com/chart/BTCUSD/a7dq30H2-BTC-longer-term-view-New-lows-Or-new-highs/
Yes, would be if it plays out. A scenario that I don’t think most people are expecting