Bitcoin Life Cycle Part 1
Technical Analysis of the 91-Day Key Time Frame:
Trend: Bitcoin is in an uptrend.
1. Pullback to the Blue Demand Zone: Currently, we are experiencing a pullback to the higher low of this uptrend, marked by the blue demand zone. Previously, blue dashed line was broken, indicating the lower high of the uptrend, leading to a significant bull run towards the 60k mark.
2. Anticipated Drop: According to basic trend analysis, pullbacks are expected. To support this view, running the VRVP indicator on the entire lifecycle of Bitcoin suggests even lower targets than what I claim based on my analysis.
Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade.
NOTE : Please remember to consider the time frame of each analysis to avoid any potential misinformation. Additionally, please note that every prediction shared is an idea for my personal reference. These predictions may have been previously posted or could be shared in the future. Thank you for your understanding.
Technical Analysis of the 91-Day Key Time Frame:
Trend: Bitcoin is in an uptrend.
1. Pullback to the Blue Demand Zone: Currently, we are experiencing a pullback to the higher low of this uptrend, marked by the blue demand zone. Previously, blue dashed line was broken, indicating the lower high of the uptrend, leading to a significant bull run towards the 60k mark.
2. Anticipated Drop: According to basic trend analysis, pullbacks are expected. To support this view, running the VRVP indicator on the entire lifecycle of Bitcoin suggests even lower targets than what I claim based on my analysis.
Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade.
NOTE : Please remember to consider the time frame of each analysis to avoid any potential misinformation. Additionally, please note that every prediction shared is an idea for my personal reference. These predictions may have been previously posted or could be shared in the future. Thank you for your understanding.
