Bitcoin Update/ Technical Overview/ Psychological Overview

Note: It is my own research and overview , Do Your Own Research before investing. Read full article carefully to understand market behaviour.

If you are continuesly following me then you now in my recent post I told you BTC will go down to $39k area. Alhamdulillah as predicted BTC go to $39,400.

Now question arises will BTC now dump more or Pump from here?

Let's first discuss how it is possible BTC will go more down?

As we looked on charts we find out that 4H support break down and we can expect a dump to $38k. Read second point must before taking any action.

Now discuss how it can be possible that BTC pump from here?

If 1D candle close above $40,800 then we will become mid bullish if it close above $41,280 then we will be highly bullish and BTC will pump to $43,500 in shorter and medium time frame. And will go to $50,000++ in longer time.

Here is my point of view what I think?

I think that it is just to bear people and now market will pump from here bcz every one now looking for $38k or $36k level and ready to take entry their. Let's see in recent history that BTC drop from $34k level to $24k level and every one want it to come $22k or $20k level even $18k level. But BTC pump from $24k level. I think here we need to play our psychologies and need to buy 50 - 70% and remaining for DCA if unfortunately it drop.

Result of talk: I am bullish now.

Likes target for this post is 100. Complete it if you really want to get more updates.

Tell in Comments what you think will BTC now pump or dump from here?

#DYOR🟢 #MU_Traders $BTC