BTCUSD Bitcoin just made a new all time High (ATH).Hello everyone today will be looking at the price movement of Bitcoin for the past 3 months
Bitcoin has been making some massive moves creating higher highs and higher lows.
So what should be expecting from Bitcoin right now. Form the technical aspects, we should be expecting a 10% to 15% drop in the price of Bitcoin to 100k level 🎚️ to the 95k areas.
As for right now my expectation for Bitcoin is to retest the 100k and 99k levels before a continuation to the upside, but is the price of BTC fails to hold support at the levels I have just mentioned, we should seen a further drop to the 95k to 90k levels.
Also, if we look at the Fear N Greed index, we can see that the market is extremely Greeding and this is not 🚫 a good sign for the market so we should waiting patiently for price to retest key support levels before looking for any buy opportunities.
Looking at the upcoming economic events like FEDERAL FUND RATES, FOMC, and many more, so with this activities, we should expect some market volatility.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.