Bitcoin Analysis – 21.May.2024
Bitcoin Analysis: Upon reviewing the latest #Bitcoin chart in the weekly timeframe (logarithmic), we observe that since the previous analysis, Bitcoin has successfully achieved more than a 15% increase, managing to penetrate above $70,000 once again! Considering the price movements and the momentum, I expect we will soon witness an explosive move from Bitcoin! This movement, in the first scenario, could start from the current range of $65,500 to $70,000, or in the second scenario, we might see a price correction down to the demand range of $53,000 to $56,750, followed by a subsequent rise in price to levels above $70,000. The upcoming targets are, in order, $77,000, $85,000, and $100,000 !
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Author : Arman Shaban
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