The economic situation is worse than it was, and no two are different in that, especially after the series of bank collapses that occurred
▫️ This means that traditional markets will fall at a high rate
Traders see Because of the loss of people's confidence in banks and with the collapse of traditional markets, people will turn to Bitcoin as a refuge, and this will lead to a continued rise in the price of Bitcoin
but My point of view everything is possible, but I see that in the event of the collapse of the traditional markets, all high-risk assets, such as Bitcoin, will also decline.
| What should I do? :|
First: waiting for the weekly closing of Bitcoin to see if it will actually close above 200 WMA
Second: wait until Wednesday and see what he will do, because he may be more cunning than everyone else and plunge all markets without mercy, or vice versa.
⚠️ Conclusion:
I will not judge it and the prices are record now, I will wait until Wednesday because that will give me a picture of the current (price) + fundamental (the Fed Reserve) in a much clearer way
i will update this idea tomorrow.
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Comment
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The weekly closing at $28051 is considered good....In the event of completing the current situation, the highest strong resistance for Bitcoin = $32,000
Excellent thanks for sharing. I agree with you ! i think we will see a little pullback befor move upward again !We would appreciate your feedback on our post: