BTC - USD
Updated
More the federal reserve sucks dollars, more the countries will spill out dollars in phased manner.
Weekly chart is in channel. So pullback expected till middle band of channel. Green Line on chart is big technical support.
Pullback also expected due to 38.2% level. ( OR 50% level )
Rise in crude prices creating dollar demand, so BTC is not rising very fast.
Nuisance power of war was limited and already factored in till now.
Wait few weeks for investment in BTC.
Big bankers will not allow cryptos to grow unless they figure out way to capitalize them maximally.
Weekly chart is in channel. So pullback expected till middle band of channel. Green Line on chart is big technical support.
Pullback also expected due to 38.2% level. ( OR 50% level )
Rise in crude prices creating dollar demand, so BTC is not rising very fast.
Nuisance power of war was limited and already factored in till now.
Wait few weeks for investment in BTC.
Big bankers will not allow cryptos to grow unless they figure out way to capitalize them maximally.
Comment
6 consecutive weekly RED candles.Musk investing in other cryptos and Buffett equating all btc to 25$ have added to the fall.
33000 seems support for now.
Invest/trade, only if you understand $$$ dynamics.
Using reverse logic (buy on dips) is futile.
Unless a well known technical pattern/ indicator is visible, don't put hard earned money in crypto.
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