Bitcoin forecast - short-term long with a target of 32360

14 May 2022

Hello, colleagues. Our previous short-term trade is already reaching its target.

Unfortunately, it reached it without us, as the Bitcoin price was just a little bit short of the entry point. We were counting on a false break of the trend line, which did not happen.

At the moment, we see that the BTC price is falling without much enthusiasm. We do not see any aggression in the size of the candles or in the trading volumes. Therefore, we conclude that the bitcoin price pullback after the powerful wave of fall is not over.

Short term bitcoin trade:
Entry: $27973
Stop: $27457
Take profit 1: $30659
Take profit 2: $32353

After the first take profit triggers, we recommend to take the position to Breakeven.

In case of an error, the BTC price has all chances to renew the low. Therefore, if the mobility of the deposit is important to you - a stop order will protect you from problems.