Bitcoin Next Move ?
https://www.tradingview.com/x/VbPwJg8O/
Bitcoin made a Crash to 42k on Last Saturday(4 Dec) below 48k by breaking 200 EMA Support Zone and pulled back to 48k zone quickly ! This story is known but what will be the next move of Bitcoin after this crash ? Many short term holders made a exit in this crash because of the US Debt Ceiling + Chinese Evergrande fuds and Whales Play of course! But the Diamond Hands are still Holding Bitcoins towards the 100k. Bitcoin is currently trading on sideways distribution movement aka Kangaroo Movement after some Lazy Bears Attack. We will regain the Bull Mode once we break the 54k Resistance(Average Price Resistance). After this successful breakout we will see the new ATH on next year Q1 above 70k if Bears are suppressed to Sleep mode ! We can also expect the another correction to 39k if BTC unable to hold the 45k support zone or get rejected from the 54k - 56k resistance zones.
Bitcoin made a Crash to 42k on Last Saturday(4 Dec) below 48k by breaking 200 EMA Support Zone and pulled back to 48k zone quickly ! This story is known but what will be the next move of Bitcoin after this crash ? Many short term holders made a exit in this crash because of the US Debt Ceiling + Chinese Evergrande fuds and Whales Play of course! But the Diamond Hands are still Holding Bitcoins towards the 100k. Bitcoin is currently trading on sideways distribution movement aka Kangaroo Movement after some Lazy Bears Attack. We will regain the Bull Mode once we break the 54k Resistance(Average Price Resistance). After this successful breakout we will see the new ATH on next year Q1 above 70k if Bears are suppressed to Sleep mode ! We can also expect the another correction to 39k if BTC unable to hold the 45k support zone or get rejected from the 54k - 56k resistance zones.
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