Bitcoin Price Analysis!!!
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Now bitcoin is not in good condition to grow 150k within month, it may take some time but reach at 150k within 3-4 months. Reason is that now crypto market have lot of fear to invest in btc, but i think when we make good profit in pump or dump then on that day never open trade in future, just trade in spot, btc drop down so fastly just because of whales movement, 100k is psychological figure, after reverse back in 90s now btc break many times 100k so easily. Now their strongest support is 90k and resistance is 105k, when btc gain 10k in just 1 day with just one news so after this correction is expected but not expected that this dump is 15k, reason? 1 reason is that btc just break 100k, and then hold their value in between 100k-101k, but i touches to 104k in no time so this pump much expected then our expectations, thats why when they make some corrections then they can't hold price and dump is much expected then their expectations, so now many forex traders who newly engage with crypto market they leave now crypto, many companies think about investment.
2nd one is more interesting then 1st reason, whales black rock, MicroStrategy, Govt don't want another whale in crypto market, they hold maximum shares of btc but if new whales eneter in market they destroy whole market to invest in btc and withdraw again after making profit, so now Microsoft, Apple think about investment again.
Due to whales movement many retail traders destroy their whole money with no reason.
3rd Reason, now BTC complete another uppish W which i have mentioned 1 week before as you have seen in pics, so as per my opinion next week we will see btc above 110k, this time low volume low buying pressure but still btc is in very strong position.
Always be carefull in crypto market after making good profit just leave future trading for 1-2 days.
