Following the previous analysis regarding Bitcoin digital currency and the current countdown for its fall to lower limits, it seems that after the US Securities and Exchange Commission approves Gary Scale's application for ETF funds, we can witness the stabilization of the price of Bitcoin in Be above the $25,000 level and be above this range at the same time as the monthly candle closes. In such a way that even the delay in the approval of the funds of other organizations, which led to the severe correction of Bitcoin and the downward trend of the market, could not penetrate to the bottom of this range.
As mentioned earlier, the $25,000 range in the last 1 year was able to gain a lot of credibility in collecting liquidity from oversold and breaking above it.
In the previous analysis, it was discussed that if the range of $25,000 breaks, we will see bitcoin fall to the areas of 22,000 and 16,500, but if we want to look into the issue in more detail, we will find that if the goal of the trend is to break this area, then for Areas deeper than the mentioned ranges, such as the range between 12,000 and 10,500 dollars, can happen.
As mentioned earlier, the $25,000 range in the last 1 year was able to gain a lot of credibility in collecting liquidity from oversold and breaking above it.
In the previous analysis, it was discussed that if the range of $25,000 breaks, we will see bitcoin fall to the areas of 22,000 and 16,500, but if we want to look into the issue in more detail, we will find that if the goal of the trend is to break this area, then for Areas deeper than the mentioned ranges, such as the range between 12,000 and 10,500 dollars, can happen.
Comment:
Looks Like We Have A Spring Before The Run !!
Trade closed: target reached
