Gary Gensler
1 Following
42 Followers
40 Liked
0 Shared
🤔Bitcoin Breaks $42K What Will Happen to the Price Next
This week, the BTC price tested a two-month low of $38,552, which led to large liquidations and panic in the market, as most investors were preparing to see $35,000.
However, the week came to an end, BTC turned $40,000 into support and is now trying to close the weekly candle above $42,000. Given this price action, we can assume that the correction is over.
Ahead of us is one of the most positive months for BTC February and given that there are 77 days left before the halving, and BlackRock continues to buy BTC, these catalysts could amplify the price increase so that BTC tests the $49,000 level in February.
This week, the BTC price tested a two-month low of $38,552, which led to large liquidations and panic in the market, as most investors were preparing to see $35,000.
However, the week came to an end, BTC turned $40,000 into support and is now trying to close the weekly candle above $42,000. Given this price action, we can assume that the correction is over.
Ahead of us is one of the most positive months for BTC February and given that there are 77 days left before the halving, and BlackRock continues to buy BTC, these catalysts could amplify the price increase so that BTC tests the $49,000 level in February.
Follow for trading signals.
Login to explore more contents