Looking to find the best technical analysis for Bitcoin so you know where to buy and where to sell?
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Table of Contents
Bitcoin Technical Analysis in Now
To start doing technical analysis we will need a tool which is the tradingview in order to be able to set goals and trading indicators, however we have also made an analytical one for free guide to what is tradingview.
Now let's go straight to the analysis.
Bitcoin from the moment it broke the resistance of $31800 what we wanted was the market to reach the levels of $48000, after 3 months the market reached these levels and now the main plan is to support the levels of $34500 with 32000 and buy DCA Bitcoin.
Which specifically what we want is for it to make a move that will confuse the world with a target around $45000 And then for Bitcoin to lose its upward movement so that we can support those levels.
Technical Analysis with OBV
The technical analysis with the OBV shows that the price can also go to lower levels such as $34500 to $32000. The OBV is currently 522k and the main target is 491k.
Target for Bitcoin 2024 – 2026
This is the first named auxiliary pointer Bitcoin the Puell multiple which shows Bitcoin if it is oversold or overbought.
However, what it gives us is that over the years we have a mid position with blue color and a top with red color, in this phase we have blue color with the aim of seeing a correction to touch the red level.
Bitcoin price forecast tools
The second index is the Bitcoin price forecast tools which is an expert tool that shows us the average that the price can go and from 2014 onwards it has found all the bottoms and peaks of Bitcoin.
What the indicator shows us is also that we are at a mid level where the price is getting corrected and we have a target 120.000$ to Bitcoin after the halving .
In Bitcoin halving whenever the days are getting close the market likes to confuse people so what we would like is to make a drop to confuse people and catch a target around $34000 to $32.000 and show the strength to catch targets prices $90.000 to $120000
The plan I would like to buy and re-DCA is at $35.000 and $32.000 from there I would look for bull market target prices at $90.000 to $120.000
Cryptocurrency trading is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money
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