Yesterday Bitcoin had suffered an intense Crash with the price falling below 30k usd right after the News with China banning all Cryptocurrency.
This has happened previously in 2013, 2017
Its not the first time China has done this.
This is what they do to manipulate the Price.
Good to buy Bitcoin. It's at consolidation level.
If it holds 40-45k Level in the next weeks, then we can expect it to shoot around 60-75k by next March
In near future, this might breakdown following the Head & Shoulder pattern.
If it breaks this level, the next consolidation zone will be 30k. SO be ready with your deposits in crypto exchanges & buy on dips....
Better now than when BTC is in 90K plus stage and ppl expecting 100K to touch. Then it would be a blood bath.
Keep buying in dips or just HODL till it tests 18K levels too. Or just uninstall all apps and check after couple of months.
Disclaimer:
All Videos/Information on this channel are for Education purpose only .They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investment decisions .
Bitcoin and other crypto currency like VeChain-Vet break their very strong support zone. Trade carefully. Can be a time of accumulation as well as more sharp fall. Keep an eye on the volumes. The BTC breaks support from the 200-EMA also.
