Upcoming scenarios for Bitcoin. Is Bull Market starting?
Bitcoin has finally managed to break above 35K zone and next resistance as highlighted in the chart is at 36K zone and there it will also meet EMA 200.
Mostly Bitcoin will be pushed down, however breaking above this will move Bitcoin to short term bull market.
However for Bitcoin to officially enter bull Market, it will have to break 41-42K zone. Moving above this is sign of Bull Market.
Coming weeks will tell us if we are in Bull market or still in Bearish market.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Mostly Bitcoin will be pushed down, however breaking above this will move Bitcoin to short term bull market.
However for Bitcoin to officially enter bull Market, it will have to break 41-42K zone. Moving above this is sign of Bull Market.
Coming weeks will tell us if we are in Bull market or still in Bearish market.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Comment:
As updated in my analysis, Bitcoin is rejected at 36K zone. Now its important for below support area to hold it