Greetings to you on the crypto site. My name is Viktor and today I will share my opinion about #bitcoin, #btc-usdt, using the TradingView service, here Bitcoin forecast, 24-06-2024
Bitcoin forecast
Bitcoin monthly chart
Greetings. My name is Victor, and today we are going to conduct a technical analysis and forecast of cryptocurrency rate changes. Today we will focus on Bitcoin. Let’s start with the monthly timeframe.
On the monthly chart, we can see that a platform is currently forming with a lower level of 57,000 and an upper level of 72,000. It’s only the fourth month, and we expect the rate to move in this range for another two or three months. There is a possibility that the rate will drop to 57,000, but we expect a strong upward movement, possibly to 100,000, after it breaks out of this range. Large amounts of capital are entering bitcoin, which indicates further growth.
Weekly chart of BTC
On the weekly chart, we can see that the second phase of growth is coming to an end and a new one is beginning. The lowest point has already been formed, and we expect a move to 85,000 with a further rise to 100,000. The movement reflects a general trend that began in the autumn of last year and will continue until the autumn of this year.
Daily chart of BTC (Bitcoin)
On the daily chart, we use the MACD and the stochastic oscillator. Larger timeframes show an upward trend, which indicates a continuation of the growth phase. In my opinion, the daily chart is ready to move up. During the weekend, we saw a quiet market, but the Asian session caused a significant drop in the rate, which could be a signal for large capital to buy more.
The overall forecast for the week shows a reversal and the start of an upward movement. Bitcoin is ready for this process, and we expect the rate to grow in the near future. It is important to follow the market and the news to be aware of all the changes. Support the Armed Forces and stay tuned for further updates.
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