Considering the economic conditions of the world as well as the problems of the fuel crisis in Europe and the possibility of a war between China and Taiwan, the price will move down. Support will be in 13916-17168-19572.
The price must be removed from the triangle formed to determine the rise or fall of the Bitcoin price. If it exits from the upper side of the triangle, it can rise to 29271. But if it exits from the lower side of the triangle, the price can decrease to 18842. Due to the war between China and Taiwan, the energy problem in Europe and the economic recession in...
In order for the price to grow, it must exit the triangle. It means to stabilize above 24187.
resistance -Crossing 23095 and climbing up to 29271. If the price stabilizes above $32000, the conditions for changing the direction of the market will be provided.
Companies like Tesla that have sold their bitcoins will now act as market bears to once again buy bitcoins at the lowest possible price. This will continue for at least the next three months.
Channel floor 29271 - Support at 31476 - Move to 64000 - Duration 3 to 8 months
Bitcoin declining trend To 29271 and then back over a period of several months.
According to the daily time form, the movement trend is downward, but according to the three time forms of 2, 3 and 4 hours, the movement trend is upward. If the movement in the mentioned time forms (2-3-4 hours) follow the forecast, the price will stop at the 37400 support line and the conditions for the price return will be provided. This analysis is valid for...