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I am predicting BTC to be rising in value as we recently got back in the 2T market cap range, more and more fiat is flooding into BTC currently.
From both fundamental and technical stand point, BTC is looking very bullish . The 46k Correction was absolutely essential for this ascending channel being formed.
We need to see BTC finally break this key resistance that 200 MA is serving as. Once we break this level, i am predicting we will reach 50-52k BTC range. ATR value is rising everyday, currently sitting at approximately 1800, which means market is quote volatile. Margin traders should approach with caution.
I am predicting BTC to be rising in value as we recently got back in the 2T market cap range, more and more fiat is flooding into BTC currently.
From both fundamental and technical stand point, BTC is looking very bullish . The 46k Correction was absolutely essential for this ascending channel being formed.
We need to see BTC finally break this key resistance that 200 MA is serving as. Once we break this level, i am predicting we will reach 50-52k BTC range. ATR value is rising everyday, currently sitting at approximately 1800, which means market is quote volatile. Margin traders should approach with caution.
Comment:
As per my previous analysis, BTC following its path to ascending channel. 44K was held off successfully. We'll be testing 200 MA area soon.