What a rough time for all of us !! Bitcoin is crashing hard but should we worry about the future of this bull run?! The answer is simply NO !! even if we drop to 24K we are still bullish, but we should wait for a long time for another All-Time High in that case!!
But where is the rational level we may hit??
28k is your answer. 1- It is exactly located at 0.61 Fibonacci level 2- There are some long wicks in the past in that area, which indicates a crazy demand zone
And after all, we should consider the reaction of other markets as well, if we are to crash below 20k -Dollar should rise magnificently -Altcoins will drop to their lowest level of all time -ETH will lose its bull run as well and drops below the $450 level And you really think those institutional traders who have accumulated Bitcoin from 20k will let this happen?? I don’t think so…
So chill for now, there is no harm to exchange your bags to USDT, USDC,... and BUY THE FKIN DIP whenever you can !!!!
What's the scenario here?? - We may retest the 33k level and then continuation towards 28k. - In order to get out of this situation, Bitcoin needs to break above 32k-33k and closes one daily candle above 34.8k, which is above the 21D moving average.
If you like this idea, please hit that like button so I do more of these. Thanks in advance :)
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.