BTCUSDT Analysis by @planfomo

Total Quality
Score
105328
117000.0000000000
93000
BTCUSDT
1H
Pending
Free
Analysis Predict Bear Market
crypto
Technical
The analysis focuses on Bitcoin and Ethereum using technical analysis, mentioning historical price action patterns. For Bitcoin, the analyst points out the breakdown of an ascending trendline, but expects consolidation around $93,000 rather than a harsh move down, which would invalidate the analysis if not respected, and expects to see a head and shoulder price formation, this may change as the price already reach 105700.00. Ethereum is analyzed separately. For Ethereum, the analyst expects, there is an accumulation phase, and a breakout from current level of 3000.00 may happen that could be able to retest 3913.00 or reach as the max point to 4000.00, with the failure bound set at 2000. The analysis also briefly touches on the overall altcoin market and the 50 and 200-day moving averages.
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