Bitcoin Analysis

"A state of boredom always prevails before the rise in the market

Try to take advantage of this period to learn how to deal with the market"

This was our saying on October 9 before the beginning of the signs of the rise and thank God the market rebounded completely from the $58,000 areas

Then our records continued with the necessity of closings above $65,000 in order to confirm the positivity and indeed we have now reached the $65 to $66,000 areas

The first scenario

Which is expected from our point of view, which is to complete the rise to the $67,400 areas with ease and from there launch a new peak

As is clear in the drawing, Bitcoin is trying to get out of the channel in which Bitcoin touches the trend at the price of $67,400 for many reasons, including the logical corrections of Bitcoin over the past hours

The second and worst scenario

Is increasing pressure on the market by correcting to the $58,000 areas and this may be more logical than necessary for the end of the downward wave in The past months and the beginning of a stronger than expected rebound

The third scenario

It is necessary for you to interact with this post so that we can make sure that you are in contact with us

And so that the number of recommendations will increase in the coming period

Good luck, God willing#MarketDownturn #BinanceTurns7 $BTC