Today we bring to your attention our views on the possible global movement of Bitcoin prices.
We have noticed that you do not like to read our long reflections and texts, and in the current realities of the war in our country, there is not much time to write. We will try the same briefly and in essence.
BTC forecast – Bitcoin price correction is coming to an end
We believe that the current phase of growth is not over. The Bitcoin price is currently being adjusted, which provides new good entry points for longs.
According to our estimates, if the growth is sluggish next month, the slowdown and reversal of the trend will begin to form in the region of $52,300-53200. Schematically, this scenario may fall in the first half of May and the phrase: “Sell in May and go away” will be very relevant. Then the red scenario can be activated, which is drawn schematically, and which we will analyze in detail in the future if it is activated.
A positive Bitcoin outlook requires certain conditions.
If there are any positive changes in the world that will be able to accelerate the locomotive of growth above $53,000 for bitcoin, the next critical point at which you need to be careful with longs will be around $64,000. And this will be a blue script, which is also depicted schematically, and we will disassemble in more detail as it works.
