#Bitcoin Analysis & Updates -
Now, Trading of
$BTC around $88.9k approx.
Today
$BTC break out Support of $89k & reached out approx $88.2k, after 100 days of SMA / MA from 17th November 2024.
It's first time goes below to $89k of strong support level and now still waiting for some little bit more dips around second level of Lower-Low Cut-off point on support for $87k to $85k approx. (already posted into my weekly chart, 10/12 days ago...)
As per my Weekly Chart Analysis, already posted previously too and quoted below..
There will be two reversal points here,
Now $87k-$85k & $83k-81k..
But,
If its break out last Lower-Low point is $81k approx, and it is also the correction wave point too, if it's break out, then
#BearishZone starts here in very early stage this time...
So, as per me and chart too..
Majority of chances,
$BTC takes its reversal before $87k-85k soon...
Don't be panic,
it's another opportunity for next ride as per Given below chart too before next big
#Bullish cycle...
......... To be Continued.....
Check out my previously posted charts of weekly analysis, that describes here today's scenario of Bitcoin market, already told 2 weeks earlier... Anyways...
As well, always
#DYOR and Trade with StopLoss in Crypto Currency.
Also it is
#Write2Earn topic too..