Hi guys, in this analysis i am going to give describe possible scenerios for bitcoin.
1ST SCENARIO :
We have short term resistance at 8950 if we are able to break this resistance with good volume then our next target is going to be at 9550 which is major resistance
2ND SCENARIO :
8300 is our major support and if we break below our support level then we can ultimately touch 6000 level or even below.
Halving is going to take place today so keep your eyes on supports and resistance.
Be careful whales might sell their long accumulated BTC too.
Goodluck guys :)
1ST SCENARIO :
We have short term resistance at 8950 if we are able to break this resistance with good volume then our next target is going to be at 9550 which is major resistance
2ND SCENARIO :
8300 is our major support and if we break below our support level then we can ultimately touch 6000 level or even below.
Halving is going to take place today so keep your eyes on supports and resistance.
Be careful whales might sell their long accumulated BTC too.
Goodluck guys :)