BTC/USD predictions for ~Q4, 2021
Could BTC visit $60k or correct to $42k within the next weeks turned month? Here is my position regarding the BTC/USD market
TL;DR — Summary
👉BTC 🚀$65k
We see price bounced nicely From the S/R zone (horizontal yellow line) which is a key level of fib tool - indicating a bounce from one-third of the trend length, and also in confluence with pitchfork p3 sub3 zone (exactly around one-third of the pitchfork lower chamber zone.
Fib 📊 https://www.tradingview.com/x/ubE1Ck0R
Expecting bulls to step in & stimulate price to retest the $49k ~ $50k key level after which we may see an eventual flip of this level given ceteris paribus.
On breakout of the $50k level, expect price to make a decent rally upward to $57k after which we will see $64k and a new ATH.
OBV still look bullish on HTF, so I’m expecting this to play out for the bulls.
On-chain data from glassnode reveals
Published on trading view
🔗 https://www.tradingview.com/chart/BTCUSDT/VmbPVvP4-BTC-USD-to-smash-65k-a-new-ATH/
