Hello everyone: Two scenarios for Bitcoin are now possible.
1- Upward movement after breaking the price of 46200 and stabilizing above this price. Continue to $ 51,000 and return to previous support. And continue the upward trend and see higher peaks.
2- Breaking the resistance of 42,500 and 41300 and falling to 30,000 dollars or 28800 or lower and starting to build a strong foundation and moving towards the peak.
Now according to the Bitcoin daily chart. We see that a movement similar to the one we saw before on August 26, 2021 is happening. This is due to the fact that in March the Federal Reserve will announce its opinion and announce the new "interest" rate. One can doubt that the price of bitcoin will rise above $ 51,000 !!!!!
1- Upward movement after breaking the price of 46200 and stabilizing above this price. Continue to $ 51,000 and return to previous support. And continue the upward trend and see higher peaks.
2- Breaking the resistance of 42,500 and 41300 and falling to 30,000 dollars or 28800 or lower and starting to build a strong foundation and moving towards the peak.
Now according to the Bitcoin daily chart. We see that a movement similar to the one we saw before on August 26, 2021 is happening. This is due to the fact that in March the Federal Reserve will announce its opinion and announce the new "interest" rate. One can doubt that the price of bitcoin will rise above $ 51,000 !!!!!
Trade active:
Given that the bitcoin dominance chart has increased over the past few days and the price has remained stable at prices of 41300 to 45000.
And the disappointing news of the Ukraine-Russia war.
And the possibility of raising the Federal Reserve interest rate and its contractionary measures in March.
And a decrease in trading volume in the last two weeks.
If Bitcoin can stabilize the price at 42,500. The uptrend starts before March and there is a possibility of a major correction in March.
But if the price goes below 40,500 and stabilizes at 37,000 and 35,000, the trend will increase sharply from March.
Be profitable / Do not forget about step-by-step sales and risk management.
Buying at low prices will be a good advantage for long-term investors.
Good luck and good health.
And the disappointing news of the Ukraine-Russia war.
And the possibility of raising the Federal Reserve interest rate and its contractionary measures in March.
And a decrease in trading volume in the last two weeks.
If Bitcoin can stabilize the price at 42,500. The uptrend starts before March and there is a possibility of a major correction in March.
But if the price goes below 40,500 and stabilizes at 37,000 and 35,000, the trend will increase sharply from March.
Be profitable / Do not forget about step-by-step sales and risk management.
Buying at low prices will be a good advantage for long-term investors.
Good luck and good health.
Trade active:
Hello. With this market volume and bad news for crypto, it will probably go down more than $ 37,000. Very good news can raise the price above 42,000. Of course, the general bitcoin trend is still bullish, up to 33,000. But the chart of dominance in the bitcoin and altcoins market is shrinking, which is not good. That means altcoins and bitcoins are becoming stable coins. Check market dominance charts.
Until then, be happy
Until then, be happy