Fundamental pump made for FOMO. Be aware for trading. More likely this pump will not sustain.
BTC may bleed more. next support is 39370$ then 37600$. we may see a bounce back from 39370$ support. MACD is indicating huge sell pressure. Exchange inflow increased. Difficulty in bitcoin mining has been increased & reward decreased.
Volume strength is very low. we may see a sidewise or a down trend. Next support-37600$
Volume strength is low but exchange inflow also decreased. current price moved back from 41200$ support. If 4-H candle closes above 41000$ & next 2 candles(1-H) becomes bullish & volume confirms then we will see a bullish market. There is a weak resistance at 42600$.
After the pump started on 28th Feb,2022 price rejected at 44865$ resistance on 2nd march 2022 and a huge selling pressure came which left market on bearish note. VOL- low strength RSI- Bearish MACD- Bearish Exchange inflow- small decease We may see price being traded on a zone(i.e side trend) from 42600$ to 44800$ . There is a weak support at 43500$.
Volume strength: Strong RSI: Over-brought MACD:A small Pullback may come Exchange Inflow: Low Overall price action is bullish after the downtrend which was started after the Russia-Ukraine crisis. Canada has came into a blessing role as there is a strong demand of Bitcoin EFT which is the reason behind 17% spike in price from last night. but we have to be careful...
Price just pulled back from 393500$ support which is a good sign. current trend is bullish... If this confirms a pullback then we can see the continuation of uptrend..
Price bounced back from 34802$support. if 39400$ resistance is broken then we can see a bullish trend.
4-H Candle needs to get close bear 37600$ support, otherwise we may see a big dump market.
Price is between 39298$ to 40884$ channel. Next Support- 39344$, Volume Strength-Low, RSI- Below 50, MACD- Bearish. We may see a Side Trend..
Volume Strength is low, Price again rejected from 44865$. Inflow on exchanges increased. short sell may be expected.
ALL news are positive. Inflow on exchanges decreased. after a small pullback a bullish move may happen. next resistance- 44865$
Price is near 1$ support. If this support holds , We may see a bullish move from here.
After making tow double top price dumped to previous support-resistance line & got support in this line for 5-times(4-H chart). Volume strength- LOW. RSI- 50 to 40 range & indicating to downward movement. MACD- Bearish Exchange inflow increased a bit from previous day.
BTC is more likely to make an uptrend from here if 4-H candle closes above 42500$ .Otherwise we may see a downfall .Next support 40800$. Exchange inflow did not decrease that much compared to the previous 2 days. A short selling may be expected.
BTC is being traded in a channel(42554-44865) i.e a Side Trend. BTC inflow on exchanges decreased a bit. May be there is a small bullish market form here. Worst case scenario- If 42500 support breaks we can see a breakdown.. next support 40800. Be very careful while trading.
price could not break the 1.206 resistance. Though in 1-D chart it is bullish. I am expecting a Bullish move for long term.