BTCUSDT LONG MAJOR SUPPORT
We had a nice day for Bitcoin our major support zone is holding the price quite nicely after CPI data was released.
People need to understand that current zone around 28-30k is not just some another support level but THE most important support for Bitcoin in current times tested multiple times. There is a lot of faith and money accumulated in this zone. It might break but not right now.
In my opinion raise of interest rates expected by FED next week is already in the price. This is not something new to happen everyone knows about rising inflation and terrible economy around the globe.
People expect something to happen but they are 99% wrong about timing.
All my predictions are done anylising previous cycles of bitcoin and projections how it should act in the future by a algoritm. I expect BTC will climb back to 30k over the weekend and we are going for 200D MA in June. This is a typical short term rise in a bear market. We will see whats next after that but sideways around 30k during holidays seems most reasonable.
Always trade safe and avoid hype. Best of luck.
People need to understand that current zone around 28-30k is not just some another support level but THE most important support for Bitcoin in current times tested multiple times. There is a lot of faith and money accumulated in this zone. It might break but not right now.
In my opinion raise of interest rates expected by FED next week is already in the price. This is not something new to happen everyone knows about rising inflation and terrible economy around the globe.
People expect something to happen but they are 99% wrong about timing.
All my predictions are done anylising previous cycles of bitcoin and projections how it should act in the future by a algoritm. I expect BTC will climb back to 30k over the weekend and we are going for 200D MA in June. This is a typical short term rise in a bear market. We will see whats next after that but sideways around 30k during holidays seems most reasonable.
Always trade safe and avoid hype. Best of luck.
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