Bitcoin(BTC) technical analysis for short or long term.

[mRTHroo]

Short term

Bitcoin is in a rising pattern divert temporarily. This shows that financial backers after some time have purchased the money at more exorbitant costs and demonstrates great improvement for the cash. The money has given a positive sign from the square shape development by a separation through the opposition at 22824. Further ascent to at least 26174 is flagged. There is no obstruction in the cost diagram and further ascent is shown. In the event of a negative response, the money has support at roughly 23000 places. Volume has recently been high at value tops and low at cost bottoms. This strengthens the trend. The currency is overall assessed as technically positive for the short term.

Long term

Bitcoin is in a falling pattern divert in the long haul. This signs expanding negativity among financial backers and shows further downfall for Bitcoin. The money gave a negative sign from the head and shoulders development by the separate through the help at 31687. Further tumble to 17599 or lower is flagged. The money is approacing obstruction at 29000 places, which might give a negative response. In any case, a break upwards through 29000 focuses will be a positive sign. Volume tops and volume bottoms compare seriously with tops and bottoms in the cost. This affirms the pattern. The cash is generally evaluated as actually negative as long as possible.

[1714918641]

1714918641

[1714918641]

1714918641

[1714918641]

1714918641

[1714918641]

1714918641

[adaseb]

Yes i think this is what most people are expecting to happen. $30K was strong support and it will most likely be strong resistance.

Depending how Bitcoin acts when we reach the area could determine whether we will bottom out at $17K or head lower. $29K would be a perfect short since most want to short at $30K.

[crzy]

We will soon hit the strongest resistance and that’s the time to tell the future trend, I always look at a longer time frame and with that TA for long term, I’m very optimistic that we can hit that before the year end. Short term TA looks more volatile though we are not about the resistance level and trying to break another one, its good for the day trader. Corrections might still happen, this can be a perfect timing to buy again, so watch out for the corrections once we failed to break resistance.

[sheenshane]

I have been following this reference as my crystal ball on predicting Bitcoin and one of my references in guessing the price for how many years which I think OP technical analysis is most likely relevant.

It shows not only $30k but it's $31k at the start of the 4th quarter of this year.
But it seems not good, after that resistance, it will bounce back again which I think will happen as we noticed that after the Bitcoin price is pumped it will have a correction.