✏️ New Update of $BTC : Bear Again or What ?
Updated
✏️ Based on the momentary update that I put on Trading View yesterday , I expected the price to have an upward corrective movement up to $28300, which is exactly what happened, and the price has faced correction after entering this range, we have to see if Will the price stabilize below this level or not? If the candle closes below this range, we can expect the price to drop to $27,000 as the first target! Be sure to follow the real-time updates of Bitcoin in Trading View!
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Best Regards , Arman Shaban
Note
Hey Guys , As you can see, yesterday's candle closed at the price of $27740 and I still have a bearish view to this level, if today's candle closes below $27550 , we can expect a drop to 27K and then targets lower than that (this analysis will be updated)Note
✅ 27K Reached , As Expected ✅Note
By re-examining Bitcoin, we see that after the correction of the price up to $26,600, the price is accompanied by an upward movement again, if it stabilizes below $27,550, we can expect a further drop in the price!Note
✅ The Initial Target Reached ✅By re-analyzing Bitcoin, we can see that the price started to fall from $28,400 based on the latest update and has been able to correct up to the $25,300 range! According to the main analysis, the first target was between $23,950 and $25,300, and the price is actually hitting the first target by entering the $25,300 channel. To better understand the chart, see the main analysis with all its updates! Note that $23,950 to $25,300 is one of the important demand ranges!
Note
New Update : According to the latest update , after reaching the mentioned DEMAND ZONE , the price was accompanied by demand pressure and managed to grow up to $27400 (important supply level), today with the growth of the dollar index (DXY) and the fall of the stock market and crypto, we see that the price has corrected up to $26,500, we have to see if it can penetrate below $25,300 again or not ! There is a possibility of an upward movement! Note
Bitcoin's analysis update : By checking the bitcoin chart, we can see that the price is currently still trading in the range of $26,600. By checking the charts of altcoins and bitcoin, it can be concluded that the market is preparing itself for a heavy fall! This is my personal opinion, so consider all possibilities!Note
Ready for the DUMP ? By checking the bitcoin chart, we can see that the price has entered the $25,000 channel again, if it stabilizes below $26,200, there is a possibility of a heavy fall, as mentioned in the previous analysis, by checking the charts of altcoins and bitcoin, it can be concluded that the market is preparing itself for a heavy fall! This is my personal opinion, so consider all possibilities!Note
✏️ Bitcoin's analysis update : The previous analysis of Bitcoin is still valid! Take care of your positions today because we have the PPI statistics and the press conference of the Federal Reserve and the interest rate setting meeting !
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