BITCOIN moving between the 2 zone as mentioned, price rejecting or faking out either side but still inside it. Well, recent price action shows weakness in price which might push the down to the support zone. Well, its the matter to time to see the Weekly closing, as it will decide the next move for the next week. As mentioned next week will be volatile, so be careful with your positions and new entries.
Doubts over the ETFs' approval contributed not just to Bitcoin's fall but to that of crypto-related stocks. Coinbase Global fell 4.25% in early trading to 150USD, while shares of Bitcoin mining companies Marathon Digital Holdings and Riot Platforms fell 2.5% and 5.2% respectively.
Yesterday, I told everyone that I was waiting for the correction to fall, so I wonder if some of you have grabbed the high price.
When I thought about how far to push it, the Fibo is currently at 23.6% and is rebounding. Personally, I think the push is shallow, so even if it rises to near the highs, there is a high possibility that it will not renew.
If you are looking to go long, it is best to enter around $44,060, where the 20 EMA and Fibo 38.2% overlap, or with support at $46,060 after the new high.
If you want to rise to the most recent high, take short profits and steadily accumulate profits.
I'll be posting progress, so if you found it helpful, please like and RT 🐻🐂 $BNB $BTC $ETH
Does anyone still think the market is undervalued with bitcoin at just 45k
I still think that the terra Luna collapse and FTX collapse, as well as Celsius and all the con artists being flushed out — still have drag to bitcoin below its true value.
Bitcoin shows amazing After the Breaking of resistance Bitcoin shows its major upside move above and cross the $45,000 and and made a high near $45,500
Once Bitcoin price get stable we will see amazing upside momentum in Altcoins.
If you were releasing your own Bitcoin EFT, surely your wealthiest best friends would be lining up for the earliest possible trade before the institutional dam gets unplugged…