Helllo friends,
Hope you are all great
Today im going to explain a little technically about BTC.
So lets start...
First of all lets check one important Resistance BTC struggling with.
Acually its 30000 level , a psychological and sentimental resistance level.
you see this level an why its important in chart below :
secondly lets take a look at an important Trendline shaped before.
from top of 69000 this trendline was valid and now , it broke.
after this Trendline broke , the price pulled back to this line an shaped
an Evening star Candles pattern.
so this is a sign of bullish trend as you can see in chart below :
The price is creating an bullish channel and we are in the middle of this
channel right NOW :
If we can surpass this level , we can go up till 37000 target level (upper line of channel
and next important resistance level)
Overall i think BTC has a potantial of rising in coming months.
after a year we can see signs of Demand in Bitcoin.
There are a lot of Positive news for Bitcoin.
In my view , Its Start of a new CYCLE.
Be careful about your capitals.
Be Profitable...
Thanks for reading my opinion.
Hope you are all great
Today im going to explain a little technically about BTC.
So lets start...
First of all lets check one important Resistance BTC struggling with.
Acually its 30000 level , a psychological and sentimental resistance level.
you see this level an why its important in chart below :
from top of 69000 this trendline was valid and now , it broke.
an Evening star Candles pattern.
so this is a sign of bullish trend as you can see in chart below :
channel right NOW :
and next important resistance level)
after a year we can see signs of Demand in Bitcoin.
There are a lot of Positive news for Bitcoin.
In my view , Its Start of a new CYCLE.
Be careful about your capitals.
Be Profitable...
Thanks for reading my opinion.