King of BTC - Universe
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BTC Market Detailed Analysis :
BTC Market Sentiment :👉 $BTC market looks extraordinarily bullish, so sellers can't overcome the buyers. October showed good performance with a gain of 28.57%. We expect a similar performance in November, around 28-30%. Comparing the trends of 2020, October 2020 gained 27.95%, while November 2020 saw a gain of 43.07%.👉 Today, the #BTC Fear & Greed index is at 72 (Greed). It swiftly moved from neutral to greed. We anticipate extreme greed arriving soon; let's hope for it.Image Credits : @CoinMarketCapBTC Market Update Based on 1H Chart :👉 The $BTC 1H chart currently indicates a resistance level at 34652 and support at 34222. Over the last three days, BTC has been trading in a bullish sideways trend, unable to break the resistance level. The current trading range is between the resistance and support levels. We await a breakout at the resistance level. Don't worry about minor drops; don't believe in those drops.BTC Market Update Based on 4H Chart :👉 As per the 4H chart, #BTC has an upper resistance at 35154, lower resistance at 34549, upper support at 33911, and lower support at 33350. BTC hasn't touched the upper support and also hasn't broken the lower resistance due to sideways trends. There have been several attempts to break the lower resistance. With the extraordinary bullish momentum, sellers can't easily overtake the market. I anticipate the lower resistance will break soon.👉 Once the resistance is broken, BTC will likely reach 35,000 and be poised to reach 40,000 or above.BTC Market Update Based on 1Day Chart :👉 As per the 1Day chart, BTC has stayed above the lower resistance of 33416 and is waiting for a breakout at the upper resistance of 34828. The upper support at 32833 hasn't been reached by BTC. No comments for the 1D chart analysis because of the extraordinary bullish momentum; I haven't observed any bearish trends in the 1D chart.BTC Market Update Based on 1W Chart :👉 The 1W chart update has been previously provided. As per the 1-week chart, the resistance is at 29719 and support at 24777. The resistance level was broken a week ago. This breakout is substantial as it occurred after 224 days, and the consolidation trend was also broken simultaneously. Our analysis expects a target of 40,000. So, everyone, hold your BTC and maintain long positions.BTC Market Update Based on 1Month Chart :👉 The 1-month chart update was given two weeks ago. According to the 1-month chart, the resistance is at 30015, and support is at 21448. After a 17-month struggle, a real breakout occurred at the resistance level. We anticipate reaching 45,000, with a gain of 28-30%. After breaking the resistance level following months of struggle, a drop isn't likely; definitely, 40,000-45,000 will be reached. So, #BTC holders, don't worry.Messages to BTC Holders :👉 I have provided analyses across multiple time frames that you can use for your holdings or trades.👉 Don't react to some fake news or any useless information. I can see that some are waiting for the ETF approval. I suggest to everyone that if approval happens, it will be very beneficial as it could bring a significant inflow of dollars into the market. If not approved or rejected, it will not impact the market because that's of no use to us. #BTC doesn't depend on anyone, so everyone can rely on technical analysis and trade accordingly.👉 Hold your long positions with sufficient funds and manage risks properly. Avoid high-risk trades in high volatility markets. Don't panic over minor drops. If panic selling occurs, buyers will seize the opportunity, and BTC will likely recover the losses suddenly.👉 All the information provided is valid and accurate, so trust our analysis. I'll provide updates if there are any changes, so don't worry.Thanks for your support and love ❤️. Have a great day!Author(X&T): KingofBTC2024---
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