Btc price drop to $46000 after Alon Musk tweet, Back to back we see Binance Investigation fud too which create more weakness in BTC. Although Price bounce $2000 from $47k after CZ tweet in which he mention that these are fud.
Same time Micro Strategy also announce that they bought near worth $15 million btc on average price of $55387 as per Coindesk article.
BTC lover also counter Elon tweet on bitcoin and try to spread message that its more manipulation to promote $doge.
TA: In 1 day chart BTC forming bearish Hand and shoulder which says if btc break below 45k than it will be not good for this asset and can go upto 30k-32k in mid term. Bearish MACD on weekly chart also support this .
But same we can see Bullish RSI in 1 day chart, and Bulls will tightly fight to control this support which near 45k-46k. Bulls will not ready to leave field so easily. Above side BTC have resistance at $53500 and btc will in weakness zone till it not cross 53500 level..
Range for BTC $46000 to $53500
Same time Micro Strategy also announce that they bought near worth $15 million btc on average price of $55387 as per Coindesk article.
BTC lover also counter Elon tweet on bitcoin and try to spread message that its more manipulation to promote $doge.
TA: In 1 day chart BTC forming bearish Hand and shoulder which says if btc break below 45k than it will be not good for this asset and can go upto 30k-32k in mid term. Bearish MACD on weekly chart also support this .
But same we can see Bullish RSI in 1 day chart, and Bulls will tightly fight to control this support which near 45k-46k. Bulls will not ready to leave field so easily. Above side BTC have resistance at $53500 and btc will in weakness zone till it not cross 53500 level..
Range for BTC $46000 to $53500