BTC UPDATE: CAN WE EXPECT A RALLY TOWARDS THE NEW ALL TIME HIGH?
Welcome dear members to this important update on BTC. I hope your weekend was good and you are keeping well.
I post ideas related to cryptocurrency which are purely based on technical analysis. I also provide trade setups for scalping, mid-term, and long-term holdings. We trade in different exchanges like BInance, Bybit, gate.io, kucoin, etc. We use margin, futures, isolated, and spot trading. So, feel free to follow me for the latest updates.
Let's get back to the chart.
BTC has been a surprising subject to analyze and discuss. The current move and TA on BTC are creating suspense for the entire market. Many traders including me claimed that we are in a bear market (as per the weekly and monthly chart) and the market is supposed to go down but what if we are wrong? What if BTC is preparing for a new all-time high when everyone is expecting it to drop below $20k? Don't get me wrong, I am not trying to manipulate your mind but I am just trying to bring forth the genuine questions that are on my mind right now. It is confusing yet exciting.
The way BTC is holding the $28k level and the USDT.D is getting rejected in the 3 days TF, I am forced to question myself. Currently, BTC is strongly holding the $28k support range which is maintaining the positive vibe of a bullish rally. If BTC is going to rally higher then we can expect a rally between $37k to $40k. And if BTC manages to break the $45k range then a new all-time high is possible. Break down below $28k will invalidate the expectation for a new all-time high.
Let me know what you think about BTC. Do you think we can witness a new all-time high or it will drop below $20k?
Do like and follow.
Thank you.
I post ideas related to cryptocurrency which are purely based on technical analysis. I also provide trade setups for scalping, mid-term, and long-term holdings. We trade in different exchanges like BInance, Bybit, gate.io, kucoin, etc. We use margin, futures, isolated, and spot trading. So, feel free to follow me for the latest updates.
Let's get back to the chart.
BTC has been a surprising subject to analyze and discuss. The current move and TA on BTC are creating suspense for the entire market. Many traders including me claimed that we are in a bear market (as per the weekly and monthly chart) and the market is supposed to go down but what if we are wrong? What if BTC is preparing for a new all-time high when everyone is expecting it to drop below $20k? Don't get me wrong, I am not trying to manipulate your mind but I am just trying to bring forth the genuine questions that are on my mind right now. It is confusing yet exciting.
The way BTC is holding the $28k level and the USDT.D is getting rejected in the 3 days TF, I am forced to question myself. Currently, BTC is strongly holding the $28k support range which is maintaining the positive vibe of a bullish rally. If BTC is going to rally higher then we can expect a rally between $37k to $40k. And if BTC manages to break the $45k range then a new all-time high is possible. Break down below $28k will invalidate the expectation for a new all-time high.
Let me know what you think about BTC. Do you think we can witness a new all-time high or it will drop below $20k?
Do like and follow.
Thank you.
