Bitcoin towards forming a LH before the big crash! 💥
Hi guys,
Events after spot ETFs approval and what I think next for
BTC
.
As always, this is not a financial advice and please do your own research.
Goodluck
Events after spot ETFs approval and what I think next for
BTC
. As always, this is not a financial advice and please do your own research.
Goodluck
Comment:
Successfully crossed the 50 Daily MA
Comment:
Twice hitting 44k-45k resistance around 43800 and failed both times.
Comment:
3rd hit with 44k-45k resistance around 43800 and failure again.
BTC
then bounced back to retest the 42k-42.5k support.
BTC
then bounced back to retest the 42k-42.5k support.
Comment:
Successfully crossed 42.5k and reached 43k. Now we have to wait again for Bitcoin attacks to 44k-45k resistance.
Comment:
Finally, Bitcoin above 44k and still below 45k.
Comment:
After hitting the 44k-45k resistance several times and failing to break through this range,
BTC
turned back down to retest the 40k-40.5k support range and managed to create a new support in the 41.5k-42k range. Where liquidity was provided to re-attack the 44k-45k range. And today
BTC
finally managed to break through the tough resistance of 44k-45k. So we successfully passed the first phase and entered the second phase between the levels of 44k-45k to 49k-50k. At this stage, before reaching the level of 49k-50k,
BTC
will have a resistance range of 46k-47k ahead.
BTC
turned back down to retest the 40k-40.5k support range and managed to create a new support in the 41.5k-42k range. Where liquidity was provided to re-attack the 44k-45k range. And today
BTC
finally managed to break through the tough resistance of 44k-45k. So we successfully passed the first phase and entered the second phase between the levels of 44k-45k to 49k-50k. At this stage, before reaching the level of 49k-50k,
BTC
will have a resistance range of 46k-47k ahead.
Comment:
After reaching above the 49k level,
BTC
attacked 50k twice today and failed both times. It's time for a big decision for Bitcoin...!
BTC
attacked 50k twice today and failed both times. It's time for a big decision for Bitcoin...!
Comment:
BTC
broke the resistance of 49k-50k level and climbed above 50k and even 52k. So far whales and bitcoiners have been able to make good profits from the bitcoins they accumulated below the 40k level.
As usual, now it's time to profit from altcoins. As long as
BTC
fluctuates above the 50k level, altcoins can also have a relative growth.
Considering that the resistance of the uptrend line of
BTC
is located in the range of 54k-55k, I set the upper limit of Bitcoin's rise in the current uptrend cycle at 54k-55k, unless something special happens.
So, I maintain this scenario and what I think for
BTC
after crossing the level of 49k-50k is to rise to the threshold of the level of 54k-55k at most and then fall to the main support at the level of 28k-30k.
But if
BTC
crosses the level of 55k and reaches above 60k, then the uptrend of the market will continue and the current ATH at the level of 69k-70k will be the last resistance of
BTC
and the last point of hope for the bears to lower the price.
Goodluck
BTC
broke the resistance of 49k-50k level and climbed above 50k and even 52k. So far whales and bitcoiners have been able to make good profits from the bitcoins they accumulated below the 40k level. As usual, now it's time to profit from altcoins. As long as
BTC
fluctuates above the 50k level, altcoins can also have a relative growth. Considering that the resistance of the uptrend line of
BTC
is located in the range of 54k-55k, I set the upper limit of Bitcoin's rise in the current uptrend cycle at 54k-55k, unless something special happens. So, I maintain this scenario and what I think for
BTC
after crossing the level of 49k-50k is to rise to the threshold of the level of 54k-55k at most and then fall to the main support at the level of 28k-30k. But if
BTC
crosses the level of 55k and reaches above 60k, then the uptrend of the market will continue and the current ATH at the level of 69k-70k will be the last resistance of
BTC
and the last point of hope for the bears to lower the price. Goodluck
