On Weekly Basis:
BTC/USD completed its correction from 65500 to 16300 in its 3 Wave Down Correction. Previous top was made at 19000 in December, 2017 also a support level. Fibonacci 78.6% retracement from bottom 5300 to top 65500 ends at 16300, a support level. It took a support at 16300. It consolidated at 16300 till December, 2022 then started a fresh new Bull...
After long time finally BTC has given a strong breakout and which is sustainable and potential to move upward but as per technical it need to retest the breakout zone which we mentioned in the chart and then price can shoot up upward ....
Refer the levels for educational purpose only....
with good bullish trend looks like the volume is fading away and price will go down to find zones where there could be order block pending or some imbalance zone to get buyers interest back
looks like round figure 40k is 5.50% downside
thereafter 37000 - 34000 and higher time frame supports
BUY ON DIP
While the news may not be real, the money at risk is very real. Data from tracking firm Coinglass shows that a total of more than $85 million worth of positions, mostly short positions, were liquidated in the past 24 hours.
While misinformation is inevitable with a market beloved by both scammers and digital enthusiasts, this scam has heated up the debate over...
Looks like this bullrun is just started. We could touch 32900 range before some correction (-25% retracement) for around 2-3 months with base as 25k range and that will be the best spot buy before a real bullrun starts!
Bitcoin Has Taken Its Bottom.,
You Can See In The Chart That In 2017 Bitcoin Formed Support By Falling 70.71% And In 2022 By Falling 60.00%. And After That In 2017, Bitcoin Fell By 45.88% And Made The Bottom Of Its 3rd Cycle. And Even In 2022, Bitcoin Fell By 46.05% And Made A Chart Like 2017 , It Seems That Bitcoin Has Made The Bottom Of The 4th Cycle.
bitcoin in 4 hour frame creating higher highs and higher lows to liquidate positions
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higher risk taking is not solution to build your portfolio
do your own research and work hard with dedications
this analysis have been good so far , you guys must have got the result in your wallet support me by liking and sharing my ideas to more audience for more effective work.
btc can reverse its price any moment as the sentiments show greed and temporary fear in the market.