TradingView
Moshin_GW
Mar 15, 2021 1:30 PM

What will happen after $ BTC/USD plunge 

Bitcoin / U.S. dollarBitstamp

Description

BTC, which hit a record high the day before, due to the high price caution, it was in a temporary adjustment phase.

The decline hasn't stopped yet, and it's currently sitting around $56,000. If it goes below it, it can crash down to $52,000.

However, even if it is lowered to this point, it is still rounding up the low price in the medium term.

The uptrend is expected to continue.
High price updated with new long entry after lowering once, this is the latest trend.

On the other hand, if it breaks below $52,000, the next support line could be $44,000, which could be a complete trend change.

Will the stock market continue to grow as additional US economic measures begin?
Also, the announcement of the FOMC scheduled for Wednesday, March 17, Japan time.
This week's market may also be expected to fluctuate significantly.
More