After my previous analysis attached below Bitcoin reached the bearish target area and bounced back. based on support area and breaking the trendline, my analysis is BTCUSD has entered to bullish territory
I assume the price target is 11k
After some retracement based on monetary decision made by the Turkish government , Lira had some gain after losing ground. Turkish government sold some of its foreign asset like us bond to recover from recent crisis, however, the tools is government hands are limited and may cause another weakness on Turkish Lira.
from the technical perspective, price is sitting...
Bearish sentiment continued to dump BTC as a result of conflict between bitcoin cash miners and put the market in bearish territory . unless the consensus happens to neutralize the cryptomarket, we have to expect bearish sentiment on this market.
#BTSUSD is reaching the support zone around USD3000 and I expect to have supply around this level.
While every crypto holder is pesimistic about crash on crypto world, I see a great opportunity to buy deep. BTC is reaching a major support and if it breaks it it may go further below providing better opportunity to buy it cheaper and hold it for long time.
lets see what happens next.
Ethereum downtrend is causing this Cryptocurrency to suffer. However it provides opportunity to buy at discounted price. there are 3 Alternative price which is good to purchase:
First is after breaking the downtrend channel.
Second when it reached to the support below the price which is indicated at the picture.
The Third price which is good to purchase is when...
BTCUSD calm down after major decline and pressures from banks and bad news. However it seems it stock at the range between support and resistance. It will take a while to stands up on its knees after recovery and I see the long term bullish movement in the near future.