Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick update on Bitcoin. After the last crash from $69k, Bitcoin is currently hovering above its support which is at $64k. When BTC is dumping from $69k many people will panic out, I told you to do not panic BTC has the strong support of around $64k and the bounce is highly likely from there. Hope you listened out and do not panic close your positions.
What now? We have two scenarios here:-
1. Bounce from the support zone of $64k
2. Bounce from the demand zone of $60k
From the last two days, BTC has been consolidated between $64 to $66k. We have strong support at $64k and it's tested multiple times so if BTC breaks below this support then we might see again $60k.
Around $60k BTC has a very good demand zone. We have seen in the past BTC bounce multiple times from this demand zone. So if this time BTC breaks below the $64k support then a bounce is highly likely from $60k.
So be ready for both scenarios and trade accordingly. I'll update you if I see any other scenario.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Welcome to this quick update on Bitcoin. After the last crash from $69k, Bitcoin is currently hovering above its support which is at $64k. When BTC is dumping from $69k many people will panic out, I told you to do not panic BTC has the strong support of around $64k and the bounce is highly likely from there. Hope you listened out and do not panic close your positions.
What now? We have two scenarios here:-
1. Bounce from the support zone of $64k
2. Bounce from the demand zone of $60k
From the last two days, BTC has been consolidated between $64 to $66k. We have strong support at $64k and it's tested multiple times so if BTC breaks below this support then we might see again $60k.
Around $60k BTC has a very good demand zone. We have seen in the past BTC bounce multiple times from this demand zone. So if this time BTC breaks below the $64k support then a bounce is highly likely from $60k.
So be ready for both scenarios and trade accordingly. I'll update you if I see any other scenario.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
