Fundamental:
The price of bitcoin reached as high as $48,000 on Tuesday, building on gains following news that electric-car maker Tesla has invested $1.5 billion in the cryptocurrency and may accept it as future payment for products.
Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000
Technical :
Bitcoin can easily reach 50800 and 54000 for next target and its getting so strong but as we can see on Fibonacci retracement it can test 50% of Fibo structure on 43600 or even it can retest previous resistance that break (40K) that is now Strong support .
for adding more long position on it the best area is buy zone as you can see and if touch again .
Trader let me know your opinion by your comments below .
The price of bitcoin reached as high as $48,000 on Tuesday, building on gains following news that electric-car maker Tesla has invested $1.5 billion in the cryptocurrency and may accept it as future payment for products.
Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000
Technical :
Bitcoin can easily reach 50800 and 54000 for next target and its getting so strong but as we can see on Fibonacci retracement it can test 50% of Fibo structure on 43600 or even it can retest previous resistance that break (40K) that is now Strong support .
for adding more long position on it the best area is buy zone as you can see and if touch again .
Trader let me know your opinion by your comments below .
Trade closed: target reached
first path completed (first target reach )✔🤑
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VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned msg in telegram.
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned msg in telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
5K$ rewards & 20% Bonus until next 10Days in Lbank with my link: lbank.one/join/uEzjxdo
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned msg in telegram.
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned msg in telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.