BTC UPDATE! AGAIN 40K OR A NEW ATH FROM HERE?
Hello everyone, Welcome to this BTC update. First of all, thank you so much for all of your support and love. Keep supporting and if you are reading my updates the first time then don't forget to hit the follow button for the latest updates of market and profitable altcoins setup.
BTC doing very well for the last two days. It pumps almost 10% on the first day of October. Now everyone is happy and greedy in the market. Always remember "Be fearful when everyone is greedy and be greedy when everyone is fearful."
Now let's get to the chart. BTC currently trading at $47,800 (above 50D MA). There is a resistance zone around $48-$49k. If we are able to break this resistance then our next target is $52.8k and if we are rejected from this resistance zone then we might again see $40k.
IMO we can reach $50k-$52k (then everyone is bullish and say now BTC is going to $100k) from here and then a big dump comes which can lead the price to the $40k level. Maybe I'm wrong but it's better to be cautious than saying sorry.
Remember until and unless we did not break and hold above the $52.8k things might be choppy here. So be cautious and don't forget to book your profits.
Do you also think that we can again visit the $40k zone?
If you like this idea then hit the like button and appreciate my hard work.
Also, share your views in the comments section.
This isn't financial advice. DYOR before investing.
Thank you!
BTC doing very well for the last two days. It pumps almost 10% on the first day of October. Now everyone is happy and greedy in the market. Always remember "Be fearful when everyone is greedy and be greedy when everyone is fearful."
Now let's get to the chart. BTC currently trading at $47,800 (above 50D MA). There is a resistance zone around $48-$49k. If we are able to break this resistance then our next target is $52.8k and if we are rejected from this resistance zone then we might again see $40k.
IMO we can reach $50k-$52k (then everyone is bullish and say now BTC is going to $100k) from here and then a big dump comes which can lead the price to the $40k level. Maybe I'm wrong but it's better to be cautious than saying sorry.
Remember until and unless we did not break and hold above the $52.8k things might be choppy here. So be cautious and don't forget to book your profits.
Do you also think that we can again visit the $40k zone?
If you like this idea then hit the like button and appreciate my hard work.
Also, share your views in the comments section.
This isn't financial advice. DYOR before investing.
Thank you!
