I checked monthly, weekly and daily time frames on Bitcoin and decided to publish an analysis on higher time frames because of serious market condition.
After 37% drop from the ATH and 75 days consolidation according to last 15 days strength I think Bitcoin is going to breakout this consolidation area from the top side!
Why do you think like this so?
As I told Bitcoin showed strength in last 2 weeks:
I don't think that the price see 28K support again, I expect some side ways before breakout of GOLDEN line and some after! and then boom!
Write your questions in comment I'll answer
Like this idea and share it with your friends
GOOD LUCK!
After 37% drop from the ATH and 75 days consolidation according to last 15 days strength I think Bitcoin is going to breakout this consolidation area from the top side!
Why do you think like this so?
As I told Bitcoin showed strength in last 2 weeks:
- Monthly candle close green for first time after Bitcoin drop from the top
- Price tried to breakdown 29K-28K area but couldn't
- Good news published for Bitcoin Elon musk has had a significant impact on the market so far and now he is supporting Bitcoin again.
I don't think that the price see 28K support again, I expect some side ways before breakout of GOLDEN line and some after! and then boom!
Write your questions in comment I'll answer
Like this idea and share it with your friends
GOOD LUCK!
