HI friends
The current state of bitcoin has become frustrating for many traders
In the long run we are in a process of suffering.
But in the short term we are in a process of reform.The formed patterns mostly confirm the downward trend for us.
But experience has shown that in such a situation, a sharp move occurs unexpectedly.
Descending scenario:
Bitcoin breaks its formed triangle pattern downwards and will fall to the price of 28,100.
A pullback hits Area 29k , which is a strong support area , and continues to fall to 27,400.
Ascending scenario:
Bitcoin raises its price to 30700 with a sharp move and touches its resistance.
Traders are assured of saturation and open sell positions.
After suffering for a few hours in the area of 31k to 30400, it will break its resistance upwards and will have up to 32,000 upward movements.
In this situation, by increasing the purchase volume , it will even be possible to touch area 33k .
The current state of bitcoin has become frustrating for many traders
In the long run we are in a process of suffering.
But in the short term we are in a process of reform.The formed patterns mostly confirm the downward trend for us.
But experience has shown that in such a situation, a sharp move occurs unexpectedly.
Descending scenario:
Bitcoin breaks its formed triangle pattern downwards and will fall to the price of 28,100.
A pullback hits Area 29k , which is a strong support area , and continues to fall to 27,400.
Ascending scenario:
Bitcoin raises its price to 30700 with a sharp move and touches its resistance.
Traders are assured of saturation and open sell positions.
After suffering for a few hours in the area of 31k to 30400, it will break its resistance upwards and will have up to 32,000 upward movements.
In this situation, by increasing the purchase volume , it will even be possible to touch area 33k .
