ROAD TO 30K LETS GOThis week, Bitcoin has led the recovery in cryptocurrency markets.
The Fed's indirect monetary policy expansion has increased demand for riskier assets, which has benefited Bitcoin.
The following resistance levels for BTC above the current price levels are $26,750, $27,500, and $28,730.
This week, Bitcoin has been on a steep upswing, leading the cryptocurrency market rebound as the potential of the US banking crisis becoming a worldwide concern is priced in.
As the Federal Reserve decided to tighten monetary policy in November 2021, cryptocurrency markets began a long-term decline from their heights. The events of this week have contributed to a rally.
For the first time since 2008, the US Federal Reserve purchased the failed Silicon Valley Bank and Signature Bank bonds before opening a discount window for struggling banks.
As a result of the bond purchases, the Fed's balance sheet increased by nearly $300 billion, according to figures released yesterday. The demand for hazardous assets surged due to this indirect monetary expansion.
On the other side, following the bank collapses, demand for cryptos, particularly Bitcoin, increased. Withdrawals to external wallets have also increased dramatically.
Btc30k
BTC ABCHello, It' my new idea for Bitcoin, I think we can achieve 10k lvl, than coming huge volume to 30k easy, and than, idk. Remember about your strategy, it's only my opinion. With this days and bad news, I think 10k is real.
Let me know, what do you think, and share your opinion in comments. Stay safe boys.
THERE IS A PSYCHOLOGICAL REASON FOR RETESTING 30K AREA I strongly believe that we gonna retest the 30k area based on my knowledge and trading experience.
Dont take that as a financial advice pls. Trade on your own risk. :)
Bitcoin dropped hard today, Is the bottom in?What happened today?
Bitcoin dropped about 9% in less than a day! so what can be the next move in this dangerous market? Is the bottom in?
Bitcoin status analysis
Bitcoin was in a big range zone for about a month(Between 46k and 52K), At the current time, Bitcoin lost 45700$ and 44000$ supports.
Also on the weekly timeframe, The whole condition is not good for BTC.
What is my analysis for the future?
In the short term , I expect to see Neutral movements between 44000$ and
42000$. I think The bottom in the short term can be 42000$ or 40000$. So for now I expect to see neutral movements between 44000$ and 42000$ for about 1 week.
In the long term , I expect to see more drops for Bitcoin. Bitcoin must see 30K and even 20K area this year.
Good Luck
How deep will Bitcoin fall?Bitcoin is gonna repeat itself, but how deep is Bitcoin gonna fall? Is it falling to where it came from so the 1 level? Is it falling to the big big support of 28K? Or is it gonna fall exactly the same amount of usdt? With the other markets like DJI and SPX falling and DXY rising it is very likely that BTC is gonna fall. The RSI is also interesting.
This is an update on my previous idea.
BTC STIL BEARISHHey Traders,
BTC has been bearish since I publish my last idea which you can also take a look at. Now we are still looking very bearish and are heading towards 30k-31k levels. Set your alerts there, if we break these levels we could going even lower. Make sure to give me a like and follow if you want the latest updates on BTC Price action.
Total Bitcoin Plan for Target $ 30,000 - 2018
Hi all my good friends
I believe Bitcoin will reach $ 30,000 in 2018
In this chart, the entire Bitcoin uptrend and down trend are plotted
With science and logic
This post will have many updates by the end of 2018
So be sure to follow
Laugh and do not forget
Thanks to all my dear friends who support me a lot
I love you very much
Good luck
Waiting for this excellent post update for short and daily trad!
