#Bitcoin has has multiple touches on the white support line.
If that breaks we could be supported strongly at 60k. We may not go below 55k.
A break above will take us to 73k.
If that breaks we could be supported strongly at 60k. We may not go below 55k.
A break above will take us to 73k.
Nov 16: Correction is part of Bitcoin bull run and history says that btc took 20%-40% correction many times in a mega bull run. Fud and negative news test market time to time to check strength of any market.
Result we are seeing good correction in BTC after infrastructure bill pass. This is very common in crypto market.
Now on chart BTC have strong weekly support at $60000. On Daily chart BTC can test MA 50 at $58780 which is also strong indicator of bull run. Last and final support of bull run is $53k where bulls will strongly like to buy dip if any panic correction happen.
Result we are seeing good correction in BTC after infrastructure bill pass. This is very common in crypto market.
Now on chart BTC have strong weekly support at $60000. On Daily chart BTC can test MA 50 at $58780 which is also strong indicator of bull run. Last and final support of bull run is $53k where bulls will strongly like to buy dip if any panic correction happen.
Nov 17: Bitcoin: Back to back two news "US Infrastructure Bill" and "Mr Gox Rehabilitation plan" create pressure on bitcoin. Its common in crypto, a chain of negative news published to pull back price.
As of now BTC got support at Daily MA 50 at $59100. BTC have also strong weekly support at $60000.
Onchain data is showing that near 25000 BTC out follow from exchange today. It can be either OTC buying or internal transfer.
RSI in 4 hr in oversold zone, indicate that BTC can took good bounce too.
On chain data also indicate that ETH supply on exchange drooping... We also saw 20%-40% correction in alts market. Market Should move neutral to bullish in coming days.
As of now BTC got support at Daily MA 50 at $59100. BTC have also strong weekly support at $60000.
Onchain data is showing that near 25000 BTC out follow from exchange today. It can be either OTC buying or internal transfer.
RSI in 4 hr in oversold zone, indicate that BTC can took good bounce too.
On chain data also indicate that ETH supply on exchange drooping... We also saw 20%-40% correction in alts market. Market Should move neutral to bullish in coming days.
Every #Bitcoin cycle in history has ended with a red month followed by 2 or 3 very green months.
Don't be scared, pumps are coming.
Don't be scared, pumps are coming.
#Bitcoin 10 year parabolic chart: Past trend is showing that #Bitcoin can hit $100-$300 in next 30days. Bitcoin took big dip of 53% in mid of 2021 and now took correction near 20% from $69000 which is part of bull run..
BTC Dominance also showing bullish divergence which indicate that BTC price can pump hard in coming days..
In Nov 2017 BTC did correction near 30% in 4 days and than jump $5000 to $19500 in next 40 days.
So dont loose your BTC on any fud.
BTC Dominance also showing bullish divergence which indicate that BTC price can pump hard in coming days..
In Nov 2017 BTC did correction near 30% in 4 days and than jump $5000 to $19500 in next 40 days.
So dont loose your BTC on any fud.
Nov28 #Bitcoin : We are sharing this formation first time. BTC dropped near 10% last Friday along with Global Market after the fear of new corona Variant found in South Africa.
But as we can see that 53k worked as strong support in chart. Same time if you look at the big picture ,chart is showing 3rd phase of accumulation with bullish falling wedge pattern. Breakout of this pattern and $60000 will open hope for $80k-100k by end of Dec.
We can expect bounce from big bull trend line and market retest $60000k next week..
Crypto Bulls also eye on Global Market specially DOW.
December will be the bullish month for crypto and this can be big.
But as we can see that 53k worked as strong support in chart. Same time if you look at the big picture ,chart is showing 3rd phase of accumulation with bullish falling wedge pattern. Breakout of this pattern and $60000 will open hope for $80k-100k by end of Dec.
We can expect bounce from big bull trend line and market retest $60000k next week..
Crypto Bulls also eye on Global Market specially DOW.
December will be the bullish month for crypto and this can be big.
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