After the postponement of Bitcoin tradable funds, we saw the market fall to the $34,800 area, which is currently correcting its previous wave.
Apart from the fact that this news had a negative impact on the market and some people started giving bearish strategy ideas, but the mood of the majority of people is positive for the growth of Bitcoin.
As I explained in one of the previous analysis, the reason for the fall of Bitcoin if it happens, I decided to do another bearish analysis, which I hope will fail like last time.
If Bitcoin can recover the level of $38,000, there is a possibility of growth and failure of the analysis.
But if Bitcoin loses the level of $36,000 and the weekly candle stabilizes below this price in 2 days and 7 hours, we will see the nature of the market change to a bearish one.
Apart from the fact that this news had a negative impact on the market and some people started giving bearish strategy ideas, but the mood of the majority of people is positive for the growth of Bitcoin.
As I explained in one of the previous analysis, the reason for the fall of Bitcoin if it happens, I decided to do another bearish analysis, which I hope will fail like last time.
If Bitcoin can recover the level of $38,000, there is a possibility of growth and failure of the analysis.
But if Bitcoin loses the level of $36,000 and the weekly candle stabilizes below this price in 2 days and 7 hours, we will see the nature of the market change to a bearish one.
Comment:
If tomorrow, dated 11/21/2023, GLOBAL X company's trading fund is delayed by the Securities Exchange Commission. There is a possibility that this model will be completed in the short term.
Order cancelled
Comment:
The bulls were able to recover the $38,000 level
