Again DUMP expecting at Resistance 12,300$ level Vs Stock Bubble
Technical Market Outlook: The BTC /USD pair has broken again above the $11,000 level which was the key mid-term technical and psychological level for market participants. The recent swing lower was made at the level of $9,800, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite for long term target 19,000$. The next target is seen at the level of $11800 and $12,200. The nearest technical support is located at the level of $10,000, $9,200 and $8,800.
Monthly base Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see a new bull run towards 13200$ and 15,400$. If price Rejected 12,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
Strong DUMP expecting on 12,200$ towards 9800$ and 8800$ where we can see new bull Run start.
Alternative BTC following similar GOLD AND STOCK movement.S&p 500, NSDQ100 and DJI hit all-time high OR PRE-COVID-19 LEVEL. March 2020 Stock crushed and crypto follow as well and BTC was crushed from 9800$ to 3500$, currently stock market looks like overbought condition and BUBBLE, IF Market crush or correction again we could see crypto crushed follow but long term 2-3 year CRYPTO or BTC strong outlook.
🛑SUPPORT/RESISTANCE
✅S1= 9800$
✅S2=8800$
✴️R1=11400$
✴️R2=12,2504
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Monthly base Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see a new bull run towards 13200$ and 15,400$. If price Rejected 12,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
Strong DUMP expecting on 12,200$ towards 9800$ and 8800$ where we can see new bull Run start.
Alternative BTC following similar GOLD AND STOCK movement.S&p 500, NSDQ100 and DJI hit all-time high OR PRE-COVID-19 LEVEL. March 2020 Stock crushed and crypto follow as well and BTC was crushed from 9800$ to 3500$, currently stock market looks like overbought condition and BUBBLE, IF Market crush or correction again we could see crypto crushed follow but long term 2-3 year CRYPTO or BTC strong outlook.
🛑SUPPORT/RESISTANCE
✅S1= 9800$
✅S2=8800$
✴️R1=11400$
✴️R2=12,2504
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.
Trade closed: target reached