Bitcoin will Sustain 1 Trillion Dollar Market Cap as a Support Level?
1.- In early January, I shared a comment on a Social media channel saying that when the price Approaching 40,000,
the price was on over extended price levels.
the commenter responded to my comment with a mocking laugh that it was common for people to think of that in a bull market
the next 3 days Bitcoin fell 31%
ending the month with a wick of -20.70%
2.- If you followed my idea that I shared with you on February 19
when I mentioned that the price had already over extended according to the Technical Indicators.
And the price may keep going up, but not by much, I said
After 3 days, the price fell -26% ending the month of February with a wick of -22.63%
As today is the same situation and so far from yesterday the price has just dropped by 11.60%
The question is ...
Will the price go down and the average will be -21.66 this month, or more ...?
3.-I really believe that if the price falls above 21% or more in the next 2 weeks it will be so healthy to continue rising but,
if the price continues to rise and the candle closes solidly, I certainly expect a substantial price drop the next month (April)
from my analysis the price has already over extended too far and needs to cool down to continue the uptrend
Over all, I am SUPER BULLISH!
Lastly, bitcoin is breaking all models and this week on Wednesday we have FOMC Press Conference
Expect some volatility.
Thanks and have a GREAT DAY!! 👍
1.- In early January, I shared a comment on a Social media channel saying that when the price Approaching 40,000,
the price was on over extended price levels.
the commenter responded to my comment with a mocking laugh that it was common for people to think of that in a bull market
the next 3 days Bitcoin fell 31%
ending the month with a wick of -20.70%
2.- If you followed my idea that I shared with you on February 19
when I mentioned that the price had already over extended according to the Technical Indicators.
And the price may keep going up, but not by much, I said
After 3 days, the price fell -26% ending the month of February with a wick of -22.63%
As today is the same situation and so far from yesterday the price has just dropped by 11.60%
The question is ...
Will the price go down and the average will be -21.66 this month, or more ...?
3.-I really believe that if the price falls above 21% or more in the next 2 weeks it will be so healthy to continue rising but,
if the price continues to rise and the candle closes solidly, I certainly expect a substantial price drop the next month (April)
from my analysis the price has already over extended too far and needs to cool down to continue the uptrend
Over all, I am SUPER BULLISH!
Lastly, bitcoin is breaking all models and this week on Wednesday we have FOMC Press Conference
Expect some volatility.
Thanks and have a GREAT DAY!! 👍