Here's the analysis that I shared on November 10, 2021
ibb.co/dmDFQnC
I remembered a few months ago, many "Trader / Investor" kept saying that Bitcoin would go up to 100k before the year ends. Even an Uber driver gave me some insight to keep buying the bitcoin when the price was at 65k; he predicted the price would go up to 100k by December 2021 because someone "expert" in his "Investor group chat" said so. Crypto's markets are full of a newcomer with an unrealistic ideas without even having basic knowledge of technical and fundamental analysis, all only based on "He says She says."
Bitcoin climb to 100k? Sure! But when, why, and how? What's the reason?
Currently, I see a death cross on the daily time frame, and it was a double top on the weekly reached the peak on November 8, 2021 (Chart attached below)
The neckline at 28k-30k zones, a breakout below 28k will bring it deeper to 18k-20k. However, if the price rejects the neckline 28k-30k, Bitcoin potentially will continue the rally.
ibb.co/dmDFQnC
I remembered a few months ago, many "Trader / Investor" kept saying that Bitcoin would go up to 100k before the year ends. Even an Uber driver gave me some insight to keep buying the bitcoin when the price was at 65k; he predicted the price would go up to 100k by December 2021 because someone "expert" in his "Investor group chat" said so. Crypto's markets are full of a newcomer with an unrealistic ideas without even having basic knowledge of technical and fundamental analysis, all only based on "He says She says."
Bitcoin climb to 100k? Sure! But when, why, and how? What's the reason?
Currently, I see a death cross on the daily time frame, and it was a double top on the weekly reached the peak on November 8, 2021 (Chart attached below)
The neckline at 28k-30k zones, a breakout below 28k will bring it deeper to 18k-20k. However, if the price rejects the neckline 28k-30k, Bitcoin potentially will continue the rally.
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