BTC Update:
Date: 26 March 2024
Alhamdulillah ❤️❤️❤️,
As mentioned in last post on 21 March 2024 BTC t.p 69k and 71k which hitted now. No my efforts it is only blessings of Allah Almighty .
No more talk on previous let's discuss next movement .
Currently #BTC is trading at $69,700. Senerio is bullish still. Next move is upward. Here are two t.ps for which we are looking right now.
T.P:
1. $73,500
2. $75,000
Reason:
Here is full detail for which is will happen.
1. Fundamentally Bullish Senerio of BTC:
You know BTC dump from $73k to 61k but Black Rock not sold in big amount only a little bit amount of BTC he sold. Instead of it stock market holders sold BlacRock BTC shares in greater amount then Black Rock selling of BTC. What is it's means? It's mean Black Rock is not expecting dump from which he can buy BTC more after selling at 70k or 60k. So, he hold BTC and due to of BTC price Rise more stock market holders will buy his shares of BTC now more demand will be created. Black Rock will buy more BTC due to of this share holders buying.
A question rise again here why he buy more BTC on share holders buying as he already not sold his BTC first on holders selling ?
The answer is that he is expecting much higher price in BTC so he will wait to sell these BTC at much higher prices to maximize his profits.
2. Technical Bullish Senerio of BTC :
Technically BTC pumped from liquidity area in symmetrical triangle from $64k and from $63k in falling wedge pattern. Mostly we saw whenever BTC pump after breakout of falling wedge pattern it touches or break previous high. This time again we are expecting same thing in BTC and we are looking for $73,500 and $75,000. In very very short may BTC go to $68,700 area to grab more liquidity but we will looking for T.P only.
This Post target is 150 like and 40 comment.
Theme Of Talk:
BTC next movement is $73,500 and $75,000.
Note: It is #MU_Traders personal analysis and point of view. You need to do your own research before investing.
