Bitcoin... bull and bear side condition
Updated
Hi everyone
In my last publish on BTC I mentioned Bitcoin has formed a bullish wedge and
we can expect the price get some upward pressure, I assumed target would be
between 52K and 54K. and as you can see market exactly did the same.
from 52k market rejected because of the strong resistance.
"I will link my full analysis down here for more details"
........................................................
this is not solid statement yet, price may bounce back to test 52k level again.
bulls have still chance to take the control of the market if the price can close
above our main downtrend line and 52K resistant level again.
if not and the price break the 48K downward, then we can expect bears have upper hand
so target between 45K to 42K is expected. this could be the last try for bears before
total market turn to the bull trend. let's see
Enjoy the market
In my last publish on BTC I mentioned Bitcoin has formed a bullish wedge and
we can expect the price get some upward pressure, I assumed target would be
between 52K and 54K. and as you can see market exactly did the same.
from 52k market rejected because of the strong resistance.
"I will link my full analysis down here for more details"
........................................................
this is not solid statement yet, price may bounce back to test 52k level again.
bulls have still chance to take the control of the market if the price can close
above our main downtrend line and 52K resistant level again.
if not and the price break the 48K downward, then we can expect bears have upper hand
so target between 45K to 42K is expected. this could be the last try for bears before
total market turn to the bull trend. let's see
Enjoy the market
Trade active
more downward pressure is expectedTrade active
Bears still have upper hand but we may have short term correction upwardTrade active
IF BTC can not succeed to close above key level 48200$ it will drop may even test 40K.
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