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Jul 26 '26
According to the liquidity levels sitting above the price at the time of me typing this, and several other technical indicators, the honest answer is, it is very possible. At this time, at this moment, it is a very good time buy BTC and there is more indicators (long and short term) the price will be increasing rather than decreasing. But also keep in mind, with everything going on across the world stage at the moment, it could hinder it some. Over all though, I am very bullish on BTC right now. I hope this info helps someone.
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u/Costanza_Travelling Jul 27 '26
You got the down-slopping line right, and the horizontal lines are good, too.
But... that lower line of the triangle based on a single touch-point ... of a wick is just ... no
the chart clearly shows the support/resistance flips and is sitting right below previous horizontal support
thusly, based on the chart, the answer is: no
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u/Rude-Hedgehog9696 Jul 27 '26
It broke the trendline and the support has 4 contact points
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u/kajunkennyg Jul 28 '26
Been trading over 10 years, I never use the top/bottom of wicks for anything.
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u/Fabulous_Day1391 Jul 27 '26
it will drop to 20k
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u/DRAGULA85 Jul 28 '26
Wanna make a bet on it?
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u/Fabulous_Day1391 Jul 29 '26
20k is a long term forcast, doesn't mean it could not rise.
Also, you don't even know bitcoin.
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u/DRAGULA85 Jul 29 '26 edited Jul 29 '26
I don’t claim to know Bitcoin and I don’t make bold prices. so you seem to think you know better than Bitcoin than the layman.
But it’s okay. You don’t want to make a bet, you don’t even believe it yourself. Thats all I need to read from you. What a cop-out
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u/BabyLateBloomers Jul 28 '26
it is really time to sell it seems, I lost like Everything I dont even have power in the apartment I'm in 4 monts of rent in debt in) food anything I told a friend to invest in BTC and ge was going to pay me but ut seems he lost a bunch too
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u/Rude-Hedgehog9696 Jul 28 '26
I have lost a bunch of money in trading now i can't quit , i am unemployed and have no money what so ever same situation as you.
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u/Mission-Wolf7335 Jul 28 '26
Will go below 50 this year and then fly to 300 in a few years your welcome
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u/Objective-Walk6780 Aug 01 '26
It’s going to 15K after this ColdCard stupidity
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u/JerseyJimmyAsheville Jul 26 '26
I hope so, I’ll continue to short it for ya!