In a 4-hour timeframe, Bitcoin is moving upward, and the trend line shows its future growth trend. Current lows could be stopped in the $40,000 range by risk-taking and static support in that area.
The important point is that charts generally tend to their own trend lines, and in uptrends, if they fall, their next destination can be considered to be the closest uptrend line to that chart.
But it will be after this collision that the fate of bitcoin will be determined in the short term. If this trend line responds and supports the current trend, we expect bitcoin to rise again. But if the price of this line breaks the downward trend, the possibility of further falls and the loss of the $40,000 channel will be very probable.

Tomorrow is a better day to analyze bitcoin. I'll share the updates with you guys.

Altcoins fluctuate slightly today with bitcoin uncertainty and have not experienced good growth. RIPPLE and EGLD currencies have risen 8% and 7%, respectively, and other altcoins are no better off.


There is a piece of good news for Bitcoin. The CEO of Uber, the world's largest online taxi company, plans to allow passengers to accept bitcoins and digital currencies as travel expenses soon.

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