The BTC /USD pair broke below the critical support at the 50-day exponential moving average ($42,093) but found support at $38,688.10 near the 38.2% Fibonacci retracement level.
Bitcoin prices have rebounded slightly and broken above $38,000, before facing a wall of resistance formed by the key psychological level of $42,000 ELON MUSK BIO #bitcoin word send BTC 7k Pump Towards Resistance 42k, Later some days TSLA news 1.5b bought BTC send BTC Another All-time high 48,000$, currently price overbought condition but still bullish momentum, we could see Psychological level 50,000$ MARK Price where we can see Shrap Corrections downside.
BTC still looking strong correction downside on monthly base from 50k Mark price towards Supports 28k and 25k and small crush or panic crush 22k to 20k$ where we can see new bull start towards long term target 75k$
Market NEWS:
1-Regulator gears up for Bitcoin crackdown amid digital coin frenzy.
2-Elon Mask keep Pumping Crypto via Tweet, Like dogecoin, etc
3-Lawyers Warn Tesla Billionaire Elon Musk Over Bitcoin Boosting Tweets.
4-Janet Yellen says 'misuse' of cryptocurrencies like bitcoin is a growing problem, as regulators increase scrutiny after surging in interest.
Crush and Panic Sell off:
Remember: 2017 bull and crush 80% and 2020 BULL Little bit different due to institutional investor JUMP in but CRYPTO HIG Volatility market anything could possible like 2017, 50% correction not a big deal for current market price ( 50% correction from the all-time high is 20,000$
COVID-19: March 23 BTC DROP 60% just 40min
Currently Market Talk too much about Crypto, positive and negative way, Better to stay sideways and wait for buying on DIP.
🛑SUPPORT/RESISTANCE
✅S1= 32000
✅S2=23000
✴️R1=46000
✴️R2=50000
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Thank you for your support, I appreciate it
Bitcoin prices have rebounded slightly and broken above $38,000, before facing a wall of resistance formed by the key psychological level of $42,000 ELON MUSK BIO #bitcoin word send BTC 7k Pump Towards Resistance 42k, Later some days TSLA news 1.5b bought BTC send BTC Another All-time high 48,000$, currently price overbought condition but still bullish momentum, we could see Psychological level 50,000$ MARK Price where we can see Shrap Corrections downside.
BTC still looking strong correction downside on monthly base from 50k Mark price towards Supports 28k and 25k and small crush or panic crush 22k to 20k$ where we can see new bull start towards long term target 75k$
Market NEWS:
1-Regulator gears up for Bitcoin crackdown amid digital coin frenzy.
2-Elon Mask keep Pumping Crypto via Tweet, Like dogecoin, etc
3-Lawyers Warn Tesla Billionaire Elon Musk Over Bitcoin Boosting Tweets.
4-Janet Yellen says 'misuse' of cryptocurrencies like bitcoin is a growing problem, as regulators increase scrutiny after surging in interest.
Crush and Panic Sell off:
Remember: 2017 bull and crush 80% and 2020 BULL Little bit different due to institutional investor JUMP in but CRYPTO HIG Volatility market anything could possible like 2017, 50% correction not a big deal for current market price ( 50% correction from the all-time high is 20,000$
COVID-19: March 23 BTC DROP 60% just 40min
Currently Market Talk too much about Crypto, positive and negative way, Better to stay sideways and wait for buying on DIP.
🛑SUPPORT/RESISTANCE
✅S1= 32000
✅S2=23000
✴️R1=46000
✴️R2=50000
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it