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Market Update -
Expected a pullback in February, #Bitcoin closed with its 6th consecutive green monthly #candle . A huge 48% increase in price from the February open.
On yesterday's pullbacks, $BTC reacted very well before it could even test $60k, so for now we look strong above this level. The heatmap does still show a sell wall at $63k, before the bigger level at $64.6k we have been watching. Keep an eye for a 4 hour close above $63k, as we have failed to see this yet, then we likely go to test that $64.6k level quickly after.
Amazing 2024, now we do it all over again in March!
Thankyou.
LIVETMC
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Býčí
Market Update -
The update highlights #Bitcoin's remarkable performance, with a 48% increase in the month. It suggests that Bitcoin's upward movement may not be over yet.
The analysis shares an exclusive chart indicating that when Bitcoin breaks the #Fibonacci Golden Ratio of 0.618, it tends to enter a parabolic structure. Similar to previous instances, when Bitcoin jumped from $47k to $64k in a short period, the expectation is for back-to-back significant candles on the $BTC chart.
Key resistance levels are identified at $64k to $69k, while support levels are noted between $48k and $52k. The update reminds traders that any 25%-30% correction in Bitcoin could present a buying opportunity.
Additionally, it mentions the upcoming #halvingbitcoin event on April 20, which could influence #MarketSentiments and price action. Overall, the analysis suggests continued #BullishMomentum. for Bitcoin, with potential opportunities for traders to capitalize on price movements.
$WBTC $ETH
The update highlights #Bitcoin's remarkable performance, with a 48% increase in the month. It suggests that Bitcoin's upward movement may not be over yet.
The analysis shares an exclusive chart indicating that when Bitcoin breaks the #Fibonacci Golden Ratio of 0.618, it tends to enter a parabolic structure. Similar to previous instances, when Bitcoin jumped from $47k to $64k in a short period, the expectation is for back-to-back significant candles on the $BTC chart.
Key resistance levels are identified at $64k to $69k, while support levels are noted between $48k and $52k. The update reminds traders that any 25%-30% correction in Bitcoin could present a buying opportunity.
Additionally, it mentions the upcoming #halvingbitcoin event on April 20, which could influence #MarketSentiments and price action. Overall, the analysis suggests continued #BullishMomentum. for Bitcoin, with potential opportunities for traders to capitalize on price movements.
$WBTC $ETH
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