MACRO VIEW As you can clearly see, at the moment it looks like BTC has broken out and is now retesting the previous range/ATH at $65K–$69K. The worst-case scenario — in which we should flip short- to mid-term bearish — would be a monthly candle close below $60K. This would mean we are back in the 2021–2024 range of $30K–$60K. I would say that after five consecutive red monthly candles, we should at least see a bounce in March/April — then everything will be decided. #Bitcoin
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC
MACRO VIEW
As you can clearly see, at the moment it looks like BTC has broken out and is now retesting the previous range/ATH at $65K–$69K.
The worst-case scenario — in which we should flip short- to mid-term bearish — would be a monthly candle close below $60K. This would mean we are back in the 2021–2024 range of $30K–$60K.
I would say that after five consecutive red monthly candles, we should at least see a bounce in March/April — then everything will be decided. #Bitcoin