BTCUSDT Analysis by @planfomo

Total Quality
Score
110620
110000.0000000000
91500
BTCUSDT
1H
Fail
Free
Analysis Predict Bear Market
Technical
The analyst provides a technical analysis of Bitcoin, Ethereum and GPU. Bitcoin's current price is $108,304. A piercing of resistance to a new $110,000 is likely after which prices are estimated to retract to approximately $91,500 before dropping lower if ascending trend break with an invalidate price of $110,000 if market shifts higher. For Ethereum, the analyst predicts two potential bullish scenarios, initially targeting $2,000 with an ultimate $2.6k target, after a shakeout at $2,140 occurs, given that it is able to hold the new level with a $2,600 invalidation. Analyst suggests caution and states that GPU is showing bullish tendencies with a good market structure. An approximate price of $0.72 is the inferred bullish target, while invalidate price is $0.4.
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