📍#Bitcoin Update (Continue)
Bitcoin price started another major decline after it was rejected multiple times from the $39,400 resistance as we already updated you in our previous post if BTC is not able to give candle closing above $39,400 there will be more correction in the market and the same thing happened. It even declined below the $38,200 support level.
Bitcoin local support is 37,000 and the major Support is 36,300. Rsi showing oversold If there is an upside correction, bitcoin price might face resistance near $38,200 level.
Bitcoin needs to give a day candle Closing above $39,400 to continue uptrend otherwise it could continue to move down.
The global market also not looking good. FED meeting on 15th of march will impact the market we need to be very careful we may see volatility this week. ✅
Bitcoin price started another major decline after it was rejected multiple times from the $39,400 resistance as we already updated you in our previous post if BTC is not able to give candle closing above $39,400 there will be more correction in the market and the same thing happened. It even declined below the $38,200 support level.
Bitcoin local support is 37,000 and the major Support is 36,300. Rsi showing oversold If there is an upside correction, bitcoin price might face resistance near $38,200 level.
Bitcoin needs to give a day candle Closing above $39,400 to continue uptrend otherwise it could continue to move down.
The global market also not looking good. FED meeting on 15th of march will impact the market we need to be very careful we may see volatility this week. ✅
Cryptocurrencies traded in the green early on March 9. The global cryptocurrency market cap stood at $1.76 trillion, a 2.54 percent increase over the last day. The total crypto market volume over the last 24 hours is $78.92 billion, a 7.85 percent decrease.
#cryptocurrency #bitcoin #bitcointrading
#cryptocurrency #bitcoin #bitcointrading
Crypto Rally ? Bitcoin Futures point to potential gains.
Bitcoin futures are hinting at upside potential if the positive mood from equities spills over into cryptocurrencies.
#bitcoin #cryptorally
Bitcoin futures are hinting at upside potential if the positive mood from equities spills over into cryptocurrencies.
#bitcoin #cryptorally
India Passes Stiff Crypto Tax Laws Despite Industry Uproar
https://lnkd.in/dX6QmUs4
#bitcoin #incometax #30%tax #cryptotax
https://lnkd.in/dX6QmUs4
#bitcoin #incometax #30%tax #cryptotax
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📍#Bitcoin Update
🔶Bitcoin break the top of the Gaussian channel and now holding above it which is a Bullish indication. BTC has been stuck in the channel since the 17th of November.
🔶Bitcoin's next resistance zone is $46000 after the successful breakout and the candle closing above this zone might take the price around $47,500.
🔶$44,400 is now working as support and BTC is holding above it. BTC needs to hold above this zone at anyhow to remain bullish. If BTC breaks this support zone we may see price will take correction near the $43,200.
Stay tuned for more info!!✅
🔶Bitcoin break the top of the Gaussian channel and now holding above it which is a Bullish indication. BTC has been stuck in the channel since the 17th of November.
🔶Bitcoin's next resistance zone is $46000 after the successful breakout and the candle closing above this zone might take the price around $47,500.
🔶$44,400 is now working as support and BTC is holding above it. BTC needs to hold above this zone at anyhow to remain bullish. If BTC breaks this support zone we may see price will take correction near the $43,200.
Stay tuned for more info!!✅