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- 🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
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#BTC#
Hello everyone! There haven't been any updates for a while, but now I'm ready to share my thoughts on the future of Bitcoin (BTC).
⦁ Long-term perspective (week): In early March, there was a signal to accumulate positions. However, the following week brought about a 15% price drop.
⦁ Medium-term outlook for Bitcoin: The price of Bitcoin follows daily imbalances and unfilled gaps, seeking to fill them. Currently, an "ascending wedge" pattern is forming below the daily imbalance. It is expected that the price will reach this imbalance and at least partially fill it, and then continue to decline, following the overall daily trend.
⦁ Short-term perspective (hour): Liquidity management and the formation of high activity zones above current levels are observed. The nearest targets are levels 85,400 and 87,000. In the short term, growth is expected after a significant decline last week.