A Price Forecast for Bitcoin / U.S. Dollar
Bitcoin / U.S. Dollar, with the symbol BTCUSD, continued to trade in the channel as of January 14, 2021. I continue to believe this security will retest the previous high and may make a new high. However, if the price fails to continue in that two parallel channel lines as I mentioned before then we are looking at Bitcoin / U.S. Dollar in the updated red zone that I marked, and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
Thank you for reading!
Greenfield
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Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
Bitcoin / U.S. Dollar, with the symbol BTCUSD, continued to trade in the channel as of January 14, 2021. I continue to believe this security will retest the previous high and may make a new high. However, if the price fails to continue in that two parallel channel lines as I mentioned before then we are looking at Bitcoin / U.S. Dollar in the updated red zone that I marked, and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
Trade closed: stop reached
Note
Trade was aborted this morning when the security failed to stay in the trendline. The price continued to fall after the trade was aborted about 3 hours ago. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.