The range trend in these areas will continue, and I expect to return to around $ 42,200.
Trade closed: target reached
Note
IMPORTANT UPDATE:
Do not open any position in this situation⚠️
Hello to all dear friends. As I predicted in the previous analysis, the price of bitcoin is falling.
The situation of bitcoin is very sensitive now. Let's take a look at it.
Bitcoin has now reached a very important and strong support area . It has been pumped up several times at this point. The $ 40 ,900 to $ 41,700 price range is powerful support, so re-pumping it is not unexpected, but the situation is not good right now.
As you know, the market is currently strongly influenced by the differences between Russia and Ukraine. If bad things happen between the two countries, it will definitely cause a market shock and bad changes.
If this support breaks and the price goes below $ 39,500, Bitcoin will fall.
I'm watching it and will share more updates.
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Join our channel:
🔵 t.me/monocoin_public
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Related publications
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.