Bitcoin analysis update
Continuing past analyzes ------ >
In the previous analysis, it was said that if the important level of $ 46,000 is lost, bitcoin will fall to the bottom of its bullish channel. That's what happened, and now bitcoin has reached a critical $ 41,000 to $ 39,500, which is a very vital prz level. ( The channel is not broken yet and is very, very important to keep bitcoin moving up in the medium term) and we have $ 41,000 support.
But what can happen in the future?
1.Now, as mentioned, we have reached a very important vital level, and the next 1 to 3 months of the future of Bitcoin is something that happens with this level.
If this level is broken down, the conditions for Bitcoin will be difficult and it can be corrected up to $ 29,300. And it should be added that Bitcoin is losing its biggest uptrend channel to this level, which makes it difficult for Bitcoin to return to its uptrend rally. But one must also consider the scenario that there is a possibility of breaking the $ 41,000 level
2.The second scenario seems more likely. The beginning of a slow uptrend is similar to what happened in July 2021 when it hit the bottom of the uptrend channel. According to in-network data, wallets with btc assets> 1000 Studies show that whales have been selling for a long time and this is a reason to start an uptrend. decentrader.com/char...an-or-equal-to-1000/
3.The third scenario makes the predictions a bit more difficult. In this case, btc continues to correct its time and breaks its ascending channel. After this we definitely have a volume accumulation range that increases the likelihood of pumping or dumping
**But I'm not buying at the moment and I'll buy until btc reaches $ 29300 or break $ 47,000 and $ 50,000.
Note: In the current situation, 100% of your entry should be step by step, not all at once
Continuing past analyzes ------ >
In the previous analysis, it was said that if the important level of $ 46,000 is lost, bitcoin will fall to the bottom of its bullish channel. That's what happened, and now bitcoin has reached a critical $ 41,000 to $ 39,500, which is a very vital prz level. ( The channel is not broken yet and is very, very important to keep bitcoin moving up in the medium term) and we have $ 41,000 support.
But what can happen in the future?
1.Now, as mentioned, we have reached a very important vital level, and the next 1 to 3 months of the future of Bitcoin is something that happens with this level.
If this level is broken down, the conditions for Bitcoin will be difficult and it can be corrected up to $ 29,300. And it should be added that Bitcoin is losing its biggest uptrend channel to this level, which makes it difficult for Bitcoin to return to its uptrend rally. But one must also consider the scenario that there is a possibility of breaking the $ 41,000 level
2.The second scenario seems more likely. The beginning of a slow uptrend is similar to what happened in July 2021 when it hit the bottom of the uptrend channel. According to in-network data, wallets with btc assets> 1000 Studies show that whales have been selling for a long time and this is a reason to start an uptrend. decentrader.com/char...an-or-equal-to-1000/
3.The third scenario makes the predictions a bit more difficult. In this case, btc continues to correct its time and breaks its ascending channel. After this we definitely have a volume accumulation range that increases the likelihood of pumping or dumping
**But I'm not buying at the moment and I'll buy until btc reaches $ 29300 or break $ 47,000 and $ 50,000.
Note: In the current situation, 100% of your entry should be step by step, not all at once