Bitcoin | Downtrend Channel Broken, What's Next??

BTCUSD (Update)


And Finally Bitcoin has broke the Downtrend/Descending Channel, With Strong Buying Volume, (As we're Waiting From Long time)

Now Major Indicators Are Still Looking HOT, & I think Bitcoin Will PUMP More in Coming Days like GOLD.


Major Resistance levels : 8600 - 9600 - 10978 - 12340

Major Support Levels : 7800 - 7200


What's the Reason of Bitcoin PUMP??

Iran attacks US bases in Iraq

Oil is up, Bitcoin is up and Gold is up.

Stock futures are down. People are panicking.

Nuclear energy is out there chugging along like nothing is happening.

The stable force in the chaos of the world.

The move to fresh 2020 highs comes after Iranian missiles struck U.S. and coalition bases in Iraq, causing traders to reallocate capital into safe-haven assets such as gold and oil away from riskier assets.

Joshua Green, Head Of Trading at Digital Asset Capital Management, a cryptocurrency trading firm said the BTC rally was a response to the unfolding events in Iraq.

“You are also seeing oil and gold up strongly,” Green said.

Bitcion is very volatile to trade as of now due to the potential war outbreak between Iran and the US. Bitcoin can continue increasing value if there is a war and there are ore rumours of war or one attacks the other. This coinsides with the theory that if the world economy is doing bad, Bitcoin price increases. The same theory goes for the opposite direction.

According to MMCrypto,

Bitcoin does not know the USA.

Bitcoin does not know Iran.

Bitcoin does not know any borders.

For Bitcoin all men are equal.


total Maketcap has also been Getting Ready for Breakout & I think More VOLUME Will Come into Crypto Space & on the Other Hand, Bitcoin Dominance Also Increasing, That Means Volume is Coming into Bitcoin.




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The information given is never financial advice. Always do your own research.