Bitcoin is likely to make the same move. The cloud itself plays a resistance role
Unfortunately, as we approached the said resistance, the market again faced a volume of sales, it is possible that the market will move from this point again to test the resistance, otherwise it will fall to 42.
Fortunately, breaking the short-term resistance and pulling it back, now the resistance ahead is the yellow box, which, with its defeat, we can hope that Bitcoin will hit a new ATH.
As mentioned, Bitcoin was down to 42,700 (it was said to be resting at 42-43), and when it reached that range, it strengthened again to see if it could break the resistance. But new short-term resistance has emerged, likely to return to the 43-42 range or break the resistance by the next few hours, and higher targets will be available.
BTC will probably have a break of $ 43,000 to $ 42,000 and go again to break the $ 46,000 area resistance (yellow box).
By breaking the bottom line of the cloud, the targets marked with green lines are available. For traders; Beware of bitcoin short breaks, we are in the saturation range
The cryptocurrencies were supposed to work to distribute the money evenly around the world, but when the whales have a large share of it, and with one sale they cause the market to collapse, what good is it to the middle and poor class? Crypto is only transferring money from the weaker to the stronger, which means that their origin was a lie! If it was to unify...
Creating a bearish head pattern, probability of price falls up to the support range of ~36.5 USDT
Better price for buy is between 3.76 to 3.72 I hope you make profit
It is true that in this market, the patterns of action price and analysis are not responsive and the fundamental spree determines the market trend, but it is not bad to consider these two patterns, the bullish (yellow) and flag pattern (white)
Bitcoin is now working to return to a higher price in its support area of ~33,000 to ~34200. If these buyers can't support it, the price drops to ~28,000