Hello my friends, how are you?
I want to share with you this analysis of the bitcoin currency, as you noticed the strong decline of bitcoin at the beginning of the year, which reduced the appetite of investors regarding bitcoin in addition to the global energy crisis, as well as the results of inflation. These problems still negatively affect the financial markets in general and digital currencies in particular.
In this analysis, I relied on the cypher pattern, because it gives strong signals on the direction of the price, and in this case we notice the trend will be bullish soon. I also used the Fibonacci lines after comparing them with the levels of support and resistance, and it gave very similar results in the following levels.
69718,32-59045,34-50666,56-31614,79
These levels are the expected targets at the end of the year.
What do you think friends?
I want to share with you this analysis of the bitcoin currency, as you noticed the strong decline of bitcoin at the beginning of the year, which reduced the appetite of investors regarding bitcoin in addition to the global energy crisis, as well as the results of inflation. These problems still negatively affect the financial markets in general and digital currencies in particular.
In this analysis, I relied on the cypher pattern, because it gives strong signals on the direction of the price, and in this case we notice the trend will be bullish soon. I also used the Fibonacci lines after comparing them with the levels of support and resistance, and it gave very similar results in the following levels.
69718,32-59045,34-50666,56-31614,79
These levels are the expected targets at the end of the year.
What do you think friends?
