💎BTC: Tested Last Monthly Low, Must Survive Here Its Last Hope.
Hello Dear Traders,
Last day many things happened in crypto market due to which we seen sell off in BTC. Two main things triggered this sell off, First Elon musk U Turn on bitcoin, Second Binance investigation News. This 2 news created FUD in the market & we seen panic sell off in btc as well as in alts.
yesterday BTC tested last monthly candle LOW which was 46930$. on lower time frame btc is trading above monthly low bt we are not seeing significant bullish pressure here. as we know last monthly closing was bearish after 6 months of parabolic bull run, this is also impacting on current month.
if BTC starts trading below last monthly low then, we can easily see btc trading at 40-42k area in coming weeks.
If Btc wants to continue Bull run then in any condition BTC must stay above 46930$ area.
Last day many things happened in crypto market due to which we seen sell off in BTC. Two main things triggered this sell off, First Elon musk U Turn on bitcoin, Second Binance investigation News. This 2 news created FUD in the market & we seen panic sell off in btc as well as in alts.
yesterday BTC tested last monthly candle LOW which was 46930$. on lower time frame btc is trading above monthly low bt we are not seeing significant bullish pressure here. as we know last monthly closing was bearish after 6 months of parabolic bull run, this is also impacting on current month.
if BTC starts trading below last monthly low then, we can easily see btc trading at 40-42k area in coming weeks.
If Btc wants to continue Bull run then in any condition BTC must stay above 46930$ area.
