Calvin1232008

Bitcoin Possible Fallbacks

COINBASE:BTCUSD   Bitcoin
Price was quickly rejected at around the 52k area and it is currently forming a possible bull flag pattern waiting for it to touch 40k again in the next few days. With this, I have created some possible levels for this price to fall back. These are the 46k level and the 40k level. Supertrend indicator suggests that it is a buy signal in which the price could ascend in 3 weeks before retracement in the last week of the month which happened in February so a support at 46k is possible. If this won't hold, then we might see 40k level to form a bull flag pattern for a further expansion. Factors which might come to this are stocks falling and whale accumulation at lower prices.

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