🅱️ Bitcoin's Strong Resistance, Everything Ok? We Can All Win!

3 de nov. de 2023

My dear friends, followers, readers and supporters.
My dear Cryptocurrency lovers and haters.
Amazing Cryptocurrency holders and traders... How are you feeling in this day?

It is true, let's face it... Bitcoin is facing resistance right now, as I write this.

This resistance is now strong around the $35,000 level... Is everything ok?

What is going to happen next?
Can Bitcoin survive bearish pressure if this resistance becomes too strong?
Can Bitcoin continue moving forward regardless of what happens short-term?

Let's consider all these questions together... Let's dive deeply, together into Bitcoin and the BTCUSD chart.

Feel free to boost/like as we get started!
(Thanks a lot for your support).

Long story short;
Long answer short: YES! Bitcoin can continue forward.

Bitcoin is indeed facing resistance and this is easy to see, easy to appreciate.

Bitcoin started the year with a bang, 2023, it started sideways but became green by the end of the month, January.

Bitcoin has been doing great, going GREEN the entire year 2023 and the chart is saying that there is more to come.

While it is true that bearish pressure is showing in this chart, that Bitcoin is facing resistance and actually undergoing a short retrace, there is no cause for alarm, it is normal to see a retrace/correction after a strong resistance level is hit.

Bitcoin consolidated sideways for more than 7 months, that's a very long-time, in order to break above 31K. We did it! Resistance broke but then a new resistance showed up above 35,000 and that's normal too... The market doesn't move in a straight line, down or up, it can take a few days challenging resistance, making it weaker and then just continue moving up.

Don't be blinded by a second (few days) of bearish action, if you look at everything that happened in 2023, while Bitcoin grows over 107% Year To Date, there are as many days red as there are green.

Do you understand?
Yes! Health, wealth, success, freedom, love and growth.

As Bitcoin is growing, we get many days red on the way up.
It is all normal... Fluctuations in prices, up and down, up and down... In order to define the trend, consider the higher highs and higher lows.

In order to remove doubt and feel safe, look at the chart.

While Bitcoin is moving down today, it still trades daily above EMA50 and EMA10.

While Bitcoin might sound doubtful for short period, which signals everything normal, nothing wrong, always consider the volume, there is no strong bearish volume on this chart.

And yes, it can be seen as if something bad is just around the corner based on past history, 2022, tons of pain but that's not the case... When in doubt about Bitcoin, consider the Altcoins market, what do you see?

➖ Hundreds and hundreds of pairs growing 2-3 digits in a single day.
➖ Thousands of the smaller pairs are waking up.
➖ Hundreds of the medium size are growing strong.
➖ Dozens of the top look ready with high volume, above local resistance to move up...

While Bitcoin rests for another day let's not lose our patience... It will continue growing, that's what matters.

Thanks a lot for your continued support.

Stay strong.

The bulls have been winning/fighting all year and are not ready to give up.

In the worst case scenario, we continue growing with a correction pre-halving and then the strongest bull-market since 2021!

Still have doubts?
Ok, I understand... When in doubt, just think long-term.

You can never go wrong with a long-term strategy of buy and hold.

Cryptocurrency is the future of money.
Think of the internet back in 1984!

Would you be willing and happy to bet against the rise of technology and its success?

Would you be willing to bet against Bitcoin as the world continues to evolve and change?

We will live in a world where Cash & Banks & Gold & Bitcoin co-exist, we will use everything; everything has its advantages and disadvantages... No need to fight, we can all win.

Namaste.