BTCUSD Price Movement Analyze and Predictions
Updated
Chart speaks it self, no one will know to be exact where price will move even a simple up or down, but SnR is always become a logic that it's too low or too high, in order to make decision by logic and feelings buy or sell.
BTCUSD price currently plays between 42K-45K
At 2021 Bulls price movement when hit upper level price channel it will pull back to lower price channel in order to give big push.
At Current Bear price movement hit lower level price channel and has pull back to upper price channel, if the sequence repeat it will continue bear to significant strong support before demand to buy give big push for reversal and Bulls take over.
There are several important key price level to make a decision
In my Favor: Price break 40K and continue bears to 30K even further to 20K, then big buyers entry and give big push to break bear price channel and bulls take over.
At current Price have possibility to break 46K and continue bulls, but demand logic it needs further down before have appeal for big buyers entry and give big push to breaks the price, unless something in fundamental takes over and big buyers take chance to pump.
BTCUSD price currently plays between 42K-45K
At 2021 Bulls price movement when hit upper level price channel it will pull back to lower price channel in order to give big push.
At Current Bear price movement hit lower level price channel and has pull back to upper price channel, if the sequence repeat it will continue bear to significant strong support before demand to buy give big push for reversal and Bulls take over.
There are several important key price level to make a decision
In my Favor: Price break 40K and continue bears to 30K even further to 20K, then big buyers entry and give big push to break bear price channel and bulls take over.
At current Price have possibility to break 46K and continue bulls, but demand logic it needs further down before have appeal for big buyers entry and give big push to breaks the price, unless something in fundamental takes over and big buyers take chance to pump.
Comment
Price movement with SnR on chart speak it self.Currently BTCUSD Price reach Support 36K, if this support breaks price may continue next support at 33K and 30K.
If crazy thing happen break 30K, price can reach 20K
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