Welcome to this Exclusive Bitcoin Update.
BTC has been fluctuating around the current 10kish levels for quite a long time.
The question is whether BTC would go up or down!
IMO most of the people are talking about the CME Gap around $9600.
Every time the price goes around that level the we see strong bounce from that area.
BULLS are too strong around that area.
The herd is waiting for the 9600 level and you know what happens in such situations.
In short term we can see some bounces and a little dumps but I highly doubt that we will see any major dump in the coming days.
BTC is holding the 10k region very strongly upside rallies are highly likely.
In this chart you can see that every time the price breaks above the 50D MA in this 3 Day chart price appreciates.
SO WE CAN EXPECT THE FOLLOWING TWO SCENARIOS RIGHT NOW WITH THE TARGET $13200. I could be wrong but that’s all I could see in this chart.
TWO SCENARIOS:
1. BTC must break the $10600 level to continue to the upside.
2. BTC can retrace to the 50D MA region from where it should bounce and continue to the upside.
If you like this update please hit that like button and share your views in the comment section.
Also follow me for more future updates.
Stay safe
#PEACE
BTC has been fluctuating around the current 10kish levels for quite a long time.
The question is whether BTC would go up or down!
IMO most of the people are talking about the CME Gap around $9600.
Every time the price goes around that level the we see strong bounce from that area.
BULLS are too strong around that area.
The herd is waiting for the 9600 level and you know what happens in such situations.
In short term we can see some bounces and a little dumps but I highly doubt that we will see any major dump in the coming days.
BTC is holding the 10k region very strongly upside rallies are highly likely.
In this chart you can see that every time the price breaks above the 50D MA in this 3 Day chart price appreciates.
SO WE CAN EXPECT THE FOLLOWING TWO SCENARIOS RIGHT NOW WITH THE TARGET $13200. I could be wrong but that’s all I could see in this chart.
TWO SCENARIOS:
1. BTC must break the $10600 level to continue to the upside.
2. BTC can retrace to the 50D MA region from where it should bounce and continue to the upside.
If you like this update please hit that like button and share your views in the comment section.
Also follow me for more future updates.
Stay safe
#PEACE
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Bitcoin looks strong here and ready for a rally towards $11,500 area.
Though $11,120 STANDS TO BE A STRONG RESISTANCE AREA, the green box remains the point of intersection where multiple resistance points intersect with each other making it the perfect spot to be hit in the coming few days.
This is a short term chart and shouldn't be used to take long term trades.
Please observe the chart, I've shown exactly how I reckon the price will move.
Also I am leaving the link of the chart where I speculated BTC to reach 12k within the first week of August which exactly got hit, This update was posted in May 9 2020!!!
Thanks again for reading.
If you like my contents please feel free to hit that like button and share your views in the comment section.
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Stay safe
#PEACE