Return of the dragon (take a look at the Bitcoin trend)
Hello everyone,
In the analysis I published on August 26, I was expecting a price increase. Unfortunately, the price of bitcoin fell below $ 46,700 (the yellow line that I drew in my previous diagram). Market conditions were positive and fundamental analysis promised a growing trend. Technical analysts were worried about falling prices.
Unfortunately, the price fell.
But I continued to insist on my analysis. And today the price of bitcoin rose. Despite a number of colleagues predicting that the price of bitcoin will fall to $ 44,000 or $ 42,000.
You can see my analysis on my page.
In my opinion, the fall in prices was more psychological than technical.
In the coming hours, Bitcoin will be trading range (blue range). But we have to wait and see, can bitcoin stabilize its trend or not?
$ 48,400 is an important resistance range that, if crossed, could surprise us.
My vision is to reach $ 52,000. And then we have to watch out for falling prices.
Good luck
Ali Crypto
In the analysis I published on August 26, I was expecting a price increase. Unfortunately, the price of bitcoin fell below $ 46,700 (the yellow line that I drew in my previous diagram). Market conditions were positive and fundamental analysis promised a growing trend. Technical analysts were worried about falling prices.
Unfortunately, the price fell.
But I continued to insist on my analysis. And today the price of bitcoin rose. Despite a number of colleagues predicting that the price of bitcoin will fall to $ 44,000 or $ 42,000.
You can see my analysis on my page.
In my opinion, the fall in prices was more psychological than technical.
In the coming hours, Bitcoin will be trading range (blue range). But we have to wait and see, can bitcoin stabilize its trend or not?
$ 48,400 is an important resistance range that, if crossed, could surprise us.
My vision is to reach $ 52,000. And then we have to watch out for falling prices.
Good luck
Ali Crypto
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