Bitcoin blew through 41,709 with power and fury.If it continues to power toward 49-53 then it becomes extended short term and a pullback becomes more likely.Before June 2024 we should see a new all time high.BOL
POSTED: 11/10/2022 1:10 PM Post tools#2742
TEEFARM SAID:
Today 6 13 2022 Bitcoin is into a solid area of support.Underneath the 17k-23k zone next solid support 12,983-14,789,If your an investor these support area's offer much safer entry area's.BOL to all to me.
Now 11 10 2022 the picture gets a little clearer for me.If Bitcoin can get back above 21,500 short term we will should see higher prices shortly after within a few weeks.Now that is the easy part.The support levels I noted above have satisfied the range I indicated for the very short term 5-7 days.If it violates the bottom end of that range all lower support targets are in play.If I played Bitcoin I would have begun establishing a short term position in the current range 15.6 to 16.5 for a quick trade back into the 19.3 to 21.3 area.Players with enough capital to add to positions below 8900 can hold their position for 18-24 month price targets of 27.993,32967, 33,473,36,921then 38,349 to 41,709.BOL to all