AT CryptoScan - BTCUSD the outlook
Earlier last week, whilst on a trip, I quickly pointed out a little of the unthinkable as BTCUSD broke down out of range... a bottom of 40K in mid-August..
Today, perhaps I can explain in greater detail how it comes about.
1. BTCUSD had a double top in the recent range, and exited the bottom of the range to break down and close past the last resistance lines. The thing here is that while this is a very bearish indication, there was a noted recovery back into the range and while that usually signals a breakout on the upper side, there are more longer term indications to suggest it would be happening after a breakdown;
2. Set levels are for both scenarios, the green and the red support resistances indicated.
3. Going on the probable breakdown, this should bring it to at least the 47K level (being the 1.38 Fibo extension target). Breaking down further should see a meeting of 40K to 42K, followed by a revisit to 47K and then a bullish rally.
4. the Bullish rally should top out in early 2026
Now, the above scenario is based on multi-parametric analyses.
IF anad WHEN it follows, then we can discuss about the factors that help build this model.
Today, perhaps I can explain in greater detail how it comes about.
1. BTCUSD had a double top in the recent range, and exited the bottom of the range to break down and close past the last resistance lines. The thing here is that while this is a very bearish indication, there was a noted recovery back into the range and while that usually signals a breakout on the upper side, there are more longer term indications to suggest it would be happening after a breakdown;
2. Set levels are for both scenarios, the green and the red support resistances indicated.
3. Going on the probable breakdown, this should bring it to at least the 47K level (being the 1.38 Fibo extension target). Breaking down further should see a meeting of 40K to 42K, followed by a revisit to 47K and then a bullish rally.
4. the Bullish rally should top out in early 2026
Now, the above scenario is based on multi-parametric analyses.
IF anad WHEN it follows, then we can discuss about the factors that help build this model.
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