Will Bitcoin collapse during Middle East Conflict ?
Updated
Today we will give you the bitcoin projection .
You saw bitcoin is being traded in a range . Since the conflict in middle east has been escalating so much , people are investing in metal as safe haven .Now comes to the point of crypto currency . I think that assuming the situation the values of crypto may dive down . There are many reasons to be Bullish scenario also ,But war situation Is Different in this case .
The area is marked in the chart . I marked the probable rejection zone as "PLEVEL". If we see significant rejection here we can go for sell from here targeting 57k $ .
Resistance : 63300,64100,65000
Support : 61000,60000,57200
You saw bitcoin is being traded in a range . Since the conflict in middle east has been escalating so much , people are investing in metal as safe haven .Now comes to the point of crypto currency . I think that assuming the situation the values of crypto may dive down . There are many reasons to be Bullish scenario also ,But war situation Is Different in this case .
The area is marked in the chart . I marked the probable rejection zone as "PLEVEL". If we see significant rejection here we can go for sell from here targeting 57k $ .
Resistance : 63300,64100,65000
Support : 61000,60000,57200
Trade active
Trade ACTIVE from marked zone Trade closed: target reached
It hits the Tp and moved Up.
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