nosazena
57,406 vues
15 Publications
Tendance
Récents
BNB: Silent Commentary?
I apologise once more for not posting for a while. Let's talk about BNB once more. There is almost no commentary about BNB. I often wonder why. One has to admit that BNB has been one of the most resilient cryptocurrencies. Until very recently, it held support at the 55-EMA. Despite the break in support, BNB did not capitulate and fell helplessly. Instead, BNB traded sideways with the odd attempt to rise in price.
While cryptocurrencies such as BTC and SOL have fallen below their 200-day moving average, BNB holds above its 200-day MA. The BNB 200-day moving average weighs in at $481. Price support for BNB weighs in at $505. A break in support coupled with a 200-day MA price nearby may lead to a rapid fall in price.
We all know that BTC dictates the overall direction of the market. It means where BTC goes, BNB follows. Recent reports of the German government putting up BTC for sale and payment to Mt. Gox creditors can only mean one thing - another fall in BTC price. I may remind you that the total amount of BTC we are talking about is US$11.32 billion. I suggest we all brace for impact. And as to how far BNB and other cryptos might fall, your guess is as good as mine.
#nosazena #BNB #BNBAnalysis #BTC #Write2Earn
I apologise once more for not posting for a while. Let's talk about BNB once more. There is almost no commentary about BNB. I often wonder why. One has to admit that BNB has been one of the most resilient cryptocurrencies. Until very recently, it held support at the 55-EMA. Despite the break in support, BNB did not capitulate and fell helplessly. Instead, BNB traded sideways with the odd attempt to rise in price.
While cryptocurrencies such as BTC and SOL have fallen below their 200-day moving average, BNB holds above its 200-day MA. The BNB 200-day moving average weighs in at $481. Price support for BNB weighs in at $505. A break in support coupled with a 200-day MA price nearby may lead to a rapid fall in price.
We all know that BTC dictates the overall direction of the market. It means where BTC goes, BNB follows. Recent reports of the German government putting up BTC for sale and payment to Mt. Gox creditors can only mean one thing - another fall in BTC price. I may remind you that the total amount of BTC we are talking about is US$11.32 billion. I suggest we all brace for impact. And as to how far BNB and other cryptos might fall, your guess is as good as mine.
#nosazena #BNB #BNBAnalysis #BTC #Write2Earn
🔍 Is BNB the Crypto That Goes Unspoken? 🤔
Have you ever wandered through the bustling Binance Square and noticed the conspicuous silence surrounding BNB? It's like the crypto world's best-kept secret! 🤫
📈 Full disclosure: I've been holding onto some BNB for years now, but I confess, I'm guilty of the same silence. It leaves us pondering: what's there to say about BNB anyway? The only chatter seems to revolve around its soaring price! 💸
📊 Like its crypto counterparts, BNB's weekly chart paints a picture-perfect cup and handle formation – a classic bullish signal. Add to that the alignment with the weekly exponential-moving averages of 21 and 55, and it's like the stars are aligning! 🌟
📈 The burning question on everyone's minds: Will BNB reach its all-time high (ATH)? The answer seems to echo with a resounding "yes!" The trend is simply too robust to ignore. But wait, there's a cautionary note – let's not forget the Fear and Greed Index, currently flashing extreme greed. Proceed with caution, fellow crypto enthusiasts! 🚦
💡 So, while BNB's ATH seems inevitable, the million-dollar question remains: when? Your guess is as good as mine, my friend. Let's buckle up and ride the crypto rollercoaster together! 🎢💰
#nosazena #BNB #CryptoMarket #Write2Earn 🚀
Have you ever wandered through the bustling Binance Square and noticed the conspicuous silence surrounding BNB? It's like the crypto world's best-kept secret! 🤫
📈 Full disclosure: I've been holding onto some BNB for years now, but I confess, I'm guilty of the same silence. It leaves us pondering: what's there to say about BNB anyway? The only chatter seems to revolve around its soaring price! 💸
📊 Like its crypto counterparts, BNB's weekly chart paints a picture-perfect cup and handle formation – a classic bullish signal. Add to that the alignment with the weekly exponential-moving averages of 21 and 55, and it's like the stars are aligning! 🌟
📈 The burning question on everyone's minds: Will BNB reach its all-time high (ATH)? The answer seems to echo with a resounding "yes!" The trend is simply too robust to ignore. But wait, there's a cautionary note – let's not forget the Fear and Greed Index, currently flashing extreme greed. Proceed with caution, fellow crypto enthusiasts! 🚦
💡 So, while BNB's ATH seems inevitable, the million-dollar question remains: when? Your guess is as good as mine, my friend. Let's buckle up and ride the crypto rollercoaster together! 🎢💰
#nosazena #BNB #CryptoMarket #Write2Earn 🚀
BNB: Resilience Continued?
I almost didn't write this because I thought saying too much might put a hex on BNB. I've consistently used the 21- and 55-day EMAs to determine the trend's direction. The best example of this is SOL. When SOL's price fell below the 55-day EMA, we saw a dramatic fall in price. However, we haven't seen the same with BNB. BNB is one of the least talked about and most resilient cryptos in recent times.
I have no idea why no one is saying anything about BNB, but its price movement shows its strength. This strength will continue as long as the price remains above the 55-day EMA. In other words, the 55-day EMA is strong support. Investors/traders can hold their positions as long as this is the case. Can things suddenly change in the market? Yes, they can. Nevertheless, you have an indicator you can watch closely.
I have been trying to figure out why BNB is so resilient. If anyone knows, please enlighten me; otherwise, your guess is as good as mine.
#nosazena #BNB #SOL #Write2Earn #CryptoMarkets
I almost didn't write this because I thought saying too much might put a hex on BNB. I've consistently used the 21- and 55-day EMAs to determine the trend's direction. The best example of this is SOL. When SOL's price fell below the 55-day EMA, we saw a dramatic fall in price. However, we haven't seen the same with BNB. BNB is one of the least talked about and most resilient cryptos in recent times.
I have no idea why no one is saying anything about BNB, but its price movement shows its strength. This strength will continue as long as the price remains above the 55-day EMA. In other words, the 55-day EMA is strong support. Investors/traders can hold their positions as long as this is the case. Can things suddenly change in the market? Yes, they can. Nevertheless, you have an indicator you can watch closely.
I have been trying to figure out why BNB is so resilient. If anyone knows, please enlighten me; otherwise, your guess is as good as mine.
#nosazena #BNB #SOL #Write2Earn #CryptoMarkets
SOL: Resilience Galore?
Recently, we have seen congestion problems with the Solana blockchain. We have also read and heard of the media houses shilling new blockchains, which also includes the demise of Sol. All these reports and more are overly exaggerated. We are not here to discuss the media houses but the Sol charts.
Solana is a resilient crypto. In my earlier posts, I mentioned that Solana had not broken the 55-day EMA. The 55-EMA is an area of support. Sol's resilience at this point can only mean an increase in the price over time. As we all know, no instrument price goes straight up. Besides, Sol has had a good innings when it comes to price. I can safely say that the Sol price will not drop below $160. This price is an opportunity to buy for those who did not get in earlier.
Some good news is that the Solana team have given the 15th of April as the date when patches to the network will take place. There will be more, but the team will inform us. While we look forward to an increase in price, no one knows when we will head to surpassing its all-time high. And as to when this might happen, your guess is as good as mine.
#nosazena #Write2Earn #Solana #SolanaAnalysis #Crypto
Recently, we have seen congestion problems with the Solana blockchain. We have also read and heard of the media houses shilling new blockchains, which also includes the demise of Sol. All these reports and more are overly exaggerated. We are not here to discuss the media houses but the Sol charts.
Solana is a resilient crypto. In my earlier posts, I mentioned that Solana had not broken the 55-day EMA. The 55-EMA is an area of support. Sol's resilience at this point can only mean an increase in the price over time. As we all know, no instrument price goes straight up. Besides, Sol has had a good innings when it comes to price. I can safely say that the Sol price will not drop below $160. This price is an opportunity to buy for those who did not get in earlier.
Some good news is that the Solana team have given the 15th of April as the date when patches to the network will take place. There will be more, but the team will inform us. While we look forward to an increase in price, no one knows when we will head to surpassing its all-time high. And as to when this might happen, your guess is as good as mine.
#nosazena #Write2Earn #Solana #SolanaAnalysis #Crypto
Nosana: Permanent Euphoria?
Can anyone tell me why Nosana keeps going up? Lord knows I am not complaining about a higher price, but this shows no sign of abating. It is scary to think what happens if the price suddenly drops. I am sure a combination of both AI and Depin has brought about this continuous price rise. Anyway, time is the custodian of events. We shall soon know how sustainable it all is. What's your opinion, people?
#nosazena #nosana #Write2Earn #CryptoMarketWatch
Can anyone tell me why Nosana keeps going up? Lord knows I am not complaining about a higher price, but this shows no sign of abating. It is scary to think what happens if the price suddenly drops. I am sure a combination of both AI and Depin has brought about this continuous price rise. Anyway, time is the custodian of events. We shall soon know how sustainable it all is. What's your opinion, people?
#nosazena #nosana #Write2Earn #CryptoMarketWatch
BTC: Are Things Different This Time?
This time, it's different is a statement that has not fared well when it concerns the market. We have heard it so many times only to see the market crash. Euphoria dominates, and then a long pit into despair. Could this happen again? Yes! Notwithstanding, something is different this time.
Though we have the Fear-and-Greed Index at extreme greed, BTC goes on to an even higher price. As of writing, BTC is $73.4k. That isn't something to sniff at. In my piece dated 8 March, I stated that I expected a big price dump between $70k - $72k. It happened but at a higher price of about $72.5k. We saw BTC fall to $68.6k. As I mentioned, some wanted to take profits at around $72k, and of course, derivatives flushed out. That all happened last night.
Many would argue things are different this time for several reasons. First, BTC hit an all-time high before the halving, which has never happened before. Second, the number of BTC left to be mined is dwindling. In other words, demand is more than supply due to institutional interest.
Third, long-term holders are just not selling. Most now see BTC as a store of value. Not to mention the increasingly difficult geo-political and economic situation many countries face. Fourth, BTC flipped Silver in terms of total market capitalisation. No one would have expected that for a relatively new asset class.
Fifth, the recent interview given by Donald Trump on cryptocurrencies was interesting if nothing else. He has softened his tone on BTC. Sixth, the recent claim by the European Central Bank (ECB) that BTC had failed is frankly laughable. When you hear the ECB moaning about something, it is a success. Seventh, I am sure you have read stories on how people in countries like Nigeria would sooner buy BTC than take up the Central Bank Digital Currency (CBDC).
I could go on, but I will stop there. One thing I will not do is say BTC is going to one million dollars this cycle. I am not saying it won't get there, as I and no one else knows. I believe it will be quite a while for that high a price, if ever.
We now have commentators touting the $150k price level for BTC. I dare say euphoria is in the air. We must proceed with caution and watch the market closely. Let us enjoy the ride and be ready to jump off as soon as the market turns. We are in the business of making money, not some social experiment. As for when BTC will get to $150k, your guess is as good as mine. So, what do you think?
#nosazena #BTC #CryptoMarket #Write2Earn #BitcoinHalving
Though we have the Fear-and-Greed Index at extreme greed, BTC goes on to an even higher price. As of writing, BTC is $73.4k. That isn't something to sniff at. In my piece dated 8 March, I stated that I expected a big price dump between $70k - $72k. It happened but at a higher price of about $72.5k. We saw BTC fall to $68.6k. As I mentioned, some wanted to take profits at around $72k, and of course, derivatives flushed out. That all happened last night.
Many would argue things are different this time for several reasons. First, BTC hit an all-time high before the halving, which has never happened before. Second, the number of BTC left to be mined is dwindling. In other words, demand is more than supply due to institutional interest.
Third, long-term holders are just not selling. Most now see BTC as a store of value. Not to mention the increasingly difficult geo-political and economic situation many countries face. Fourth, BTC flipped Silver in terms of total market capitalisation. No one would have expected that for a relatively new asset class.
Fifth, the recent interview given by Donald Trump on cryptocurrencies was interesting if nothing else. He has softened his tone on BTC. Sixth, the recent claim by the European Central Bank (ECB) that BTC had failed is frankly laughable. When you hear the ECB moaning about something, it is a success. Seventh, I am sure you have read stories on how people in countries like Nigeria would sooner buy BTC than take up the Central Bank Digital Currency (CBDC).
I could go on, but I will stop there. One thing I will not do is say BTC is going to one million dollars this cycle. I am not saying it won't get there, as I and no one else knows. I believe it will be quite a while for that high a price, if ever.
We now have commentators touting the $150k price level for BTC. I dare say euphoria is in the air. We must proceed with caution and watch the market closely. Let us enjoy the ride and be ready to jump off as soon as the market turns. We are in the business of making money, not some social experiment. As for when BTC will get to $150k, your guess is as good as mine. So, what do you think?
#nosazena #BTC #CryptoMarket #Write2Earn #BitcoinHalving
BTC: Market Manipulation?
I know it has been a while since I last posted something; my apologies to all of you for that. By now, we all know that the vagaries of manipulation are playing out right in front of us. None of us think this is anything out of the ordinary concerning BTC. What we have here is market manipulation. Nothing more, nothing less. So, what proof do you have? Check the derivatives market.
You will see that market manipulation facilitates the liquidation of both the longs and shorts. This has been going on for a few weeks now. Do not expect it to stop anytime soon. In addition, let us not forget the BTC supply squeeze which is now upon us. One thing we can be sure of, long-term holders of BTC are not selling. Market manipulation or not, these guys will hold firm. BTC will go higher in price, that we can be sure of. And as to how high, your guess is as good as mine.
#nosazena #Write2Earn #Bitcoin #marketanalysis. #MarketManipulation
I know it has been a while since I last posted something; my apologies to all of you for that. By now, we all know that the vagaries of manipulation are playing out right in front of us. None of us think this is anything out of the ordinary concerning BTC. What we have here is market manipulation. Nothing more, nothing less. So, what proof do you have? Check the derivatives market.
You will see that market manipulation facilitates the liquidation of both the longs and shorts. This has been going on for a few weeks now. Do not expect it to stop anytime soon. In addition, let us not forget the BTC supply squeeze which is now upon us. One thing we can be sure of, long-term holders of BTC are not selling. Market manipulation or not, these guys will hold firm. BTC will go higher in price, that we can be sure of. And as to how high, your guess is as good as mine.
#nosazena #Write2Earn #Bitcoin #marketanalysis. #MarketManipulation
BTC: Inevitable Price?
A quick look at the BTC weekly chart says a lot. With the benefit of using Fibonacci Retracement, we expect BTC to hit $69k and eventually $75k. Along the way, BTC will have a price point of $66k and might stay for a short period before moving on to $69k. Although, the charts show that there should be no pause between $62k and $69k. What happens next is paramount. Should BTC move beyond $70k, there is no reason not to expect $75k.
At this price point, the excitement should begin. Many will not be able to contain themselves. We must not forget BTC's market cycle as BTC hits its key levels. A need to watch indicators such as the Pi Cycle Top, the 200-Week MA Heatmap, and the 2-Year MA Multiplier, to mention a few, becomes compulsory. So, when will BTC hit the $75k mark? One thing, people, your guess is as good as mine.
#nosazena #bitcoin #btc #CryptoMarketWatch #Writer2Earn
A quick look at the BTC weekly chart says a lot. With the benefit of using Fibonacci Retracement, we expect BTC to hit $69k and eventually $75k. Along the way, BTC will have a price point of $66k and might stay for a short period before moving on to $69k. Although, the charts show that there should be no pause between $62k and $69k. What happens next is paramount. Should BTC move beyond $70k, there is no reason not to expect $75k.
At this price point, the excitement should begin. Many will not be able to contain themselves. We must not forget BTC's market cycle as BTC hits its key levels. A need to watch indicators such as the Pi Cycle Top, the 200-Week MA Heatmap, and the 2-Year MA Multiplier, to mention a few, becomes compulsory. So, when will BTC hit the $75k mark? One thing, people, your guess is as good as mine.
#nosazena #bitcoin #btc #CryptoMarketWatch #Writer2Earn
BTC: Market Vagries or Something Else?
I had wanted to write this a few days ago but decided to wait and see what happens in the market. In my last couple of blog pieces, I said there would be several more drops in price before proceeding to higher levels. BTC has shown that. You may take comfort that there are just a few things you need to pay attention to.
First, an investor can observe several areas of support. The first area of support is between $59 - $60k. Bitcoin price falling below support means that the bulls have lost the argument.
The second area of support is $50k. BTC falling below $50k means the bears are in control, and who knows where the price might end.
Secondly, let's consider the 21-weekly moving average. Analysts know this moving average is a threshold between the bulls and bears markets. As long as the price of BTC stays above $50k support near the 21-weekly moving average, the bulls are still in control.
Thirdly, we must always watch the Fear and Greed Index. Luckily, we are at Greed levels and not extreme greed. Finally, I have been watching the levels of liquidations occurring in the derivatives markets. It seems that both sides of the market are suffering heavy losses. For instance, the 4-hour BTC liquidations were $24.66M, which was $16.54M long and $8.12M in short liquidations. Derivatives also affect the current state of the market.
As I have said before, BTC will get to $100k; there is no doubt about that. I suspect this will happen in the summer months. And to exactly when this will happen, your guess is as good as mine.
#nosazena #BTC_ANALYSIS #Write2Earn #Bitcoin #CryptoMarket
I had wanted to write this a few days ago but decided to wait and see what happens in the market. In my last couple of blog pieces, I said there would be several more drops in price before proceeding to higher levels. BTC has shown that. You may take comfort that there are just a few things you need to pay attention to.
First, an investor can observe several areas of support. The first area of support is between $59 - $60k. Bitcoin price falling below support means that the bulls have lost the argument.
The second area of support is $50k. BTC falling below $50k means the bears are in control, and who knows where the price might end.
Secondly, let's consider the 21-weekly moving average. Analysts know this moving average is a threshold between the bulls and bears markets. As long as the price of BTC stays above $50k support near the 21-weekly moving average, the bulls are still in control.
Thirdly, we must always watch the Fear and Greed Index. Luckily, we are at Greed levels and not extreme greed. Finally, I have been watching the levels of liquidations occurring in the derivatives markets. It seems that both sides of the market are suffering heavy losses. For instance, the 4-hour BTC liquidations were $24.66M, which was $16.54M long and $8.12M in short liquidations. Derivatives also affect the current state of the market.
As I have said before, BTC will get to $100k; there is no doubt about that. I suspect this will happen in the summer months. And to exactly when this will happen, your guess is as good as mine.
#nosazena #BTC_ANALYSIS #Write2Earn #Bitcoin #CryptoMarket
BNB: The Least Talked About Crypto?
Is it me, or am I just imagining things? Has anyone noticed outside the Binance Square that no one says much about BNB? In full disclosure, I bought BNB years ago, so I do have some. Nevertheless, I am guilty of neither talking nor writing anything about BNB. It begs the question, what is there to write? The only thing you can say about BNB is that the price is rising.
Like other cryptos, the weekly chart clearly shows the cup and handle formation. We all know that that is a bullish signal. There is further confluence with the weekly exponential-moving averages of 21 and 55. Enough said, people! No doubt there are other technicals further confirming this view.
The next question is whether BNB will hit its all-time high (ATH). Answer - yes! The trend is too strong not to. However, we must always bear in mind the Fear and Greed Index. We see extreme greed at the moment. Please bear that in mind if you have not taken a position. As said, BNB will hit its ATH, but as to when your guess is as good as mine.
#nosazena #BNB #CryptoMarket #Write2Earn
Is it me, or am I just imagining things? Has anyone noticed outside the Binance Square that no one says much about BNB? In full disclosure, I bought BNB years ago, so I do have some. Nevertheless, I am guilty of neither talking nor writing anything about BNB. It begs the question, what is there to write? The only thing you can say about BNB is that the price is rising.
Like other cryptos, the weekly chart clearly shows the cup and handle formation. We all know that that is a bullish signal. There is further confluence with the weekly exponential-moving averages of 21 and 55. Enough said, people! No doubt there are other technicals further confirming this view.
The next question is whether BNB will hit its all-time high (ATH). Answer - yes! The trend is too strong not to. However, we must always bear in mind the Fear and Greed Index. We see extreme greed at the moment. Please bear that in mind if you have not taken a position. As said, BNB will hit its ATH, but as to when your guess is as good as mine.
#nosazena #BNB #CryptoMarket #Write2Earn
BTC: Euphoria and Caution?
Happy days are here again, people! BTC is now over $60k - let the profits roll in. I had estimated that BTC would hit its all-time high sometime in April, but that might happen by the weekend. It looks like we will hit $62k before the weekend, but as always, the market does what it wants to do. Nevertheless, a quick look at the Fear and Greed Index shows us we are in extreme greed. The argument that this time it's different should not be a consideration. Ignore the market signs at your peril; enjoy this beautiful ride while it lasts. And please do not ask when BTC will hit its all-time high because your guess is as good as mine. What say you people?
#nosazena #BTC #Write2Earn #CryptoMarketSurge #FearAndGreedIndex
Happy days are here again, people! BTC is now over $60k - let the profits roll in. I had estimated that BTC would hit its all-time high sometime in April, but that might happen by the weekend. It looks like we will hit $62k before the weekend, but as always, the market does what it wants to do. Nevertheless, a quick look at the Fear and Greed Index shows us we are in extreme greed. The argument that this time it's different should not be a consideration. Ignore the market signs at your peril; enjoy this beautiful ride while it lasts. And please do not ask when BTC will hit its all-time high because your guess is as good as mine. What say you people?
#nosazena #BTC #Write2Earn #CryptoMarketSurge #FearAndGreedIndex
Solana: What Next?
I am not one for predictions, but at the moment, I suspect SOL will continue to rise. We must remember that the market can stay irrational more than you can stay solvent. Nevertheless, technical analysis (TA) has shown that markets have memory. Taking TA into consideration, I suspect that SOL will hit the $115 mark. There might be a brief pause in the SOL price before proceeding to $126 - $130. As said, no one can predict the future, but we can try to anticipate the future. As for what happens next, your guess is as good as mine. So, what do you think?
#nosazena #Wrtite2Earn #solana #CryptoMarkets
I am not one for predictions, but at the moment, I suspect SOL will continue to rise. We must remember that the market can stay irrational more than you can stay solvent. Nevertheless, technical analysis (TA) has shown that markets have memory. Taking TA into consideration, I suspect that SOL will hit the $115 mark. There might be a brief pause in the SOL price before proceeding to $126 - $130. As said, no one can predict the future, but we can try to anticipate the future. As for what happens next, your guess is as good as mine. So, what do you think?
#nosazena #Wrtite2Earn #solana #CryptoMarkets
BTC: What's Next?
A significant event took place yesterday. BTC hit its all-time high (ATH). With the ATH attained, the price fell by $1000 in a minute. Most were surprised. Panic set in for some, and mass selling commenced. While the mass sale was on, a colleague asked how this could happen. I responded by saying only the derivatives could cause this type of mass selling. It turns out that quite a few derivatives got liquidated.
My piece of 4 March did mention a possible fall in price. I suspect something similar will happen at price points of between $70 and $72k. The reason is that there are a few take profits in the offing. While the Fear and Greed Index is now at 75, this does not mean that it is plain sailing. For the students of on-chain analysis, the Pi Cycle Top Indicator (PCTI) shows the BTC price hitting the 350-DMA x 2. The PCTI has to count for something.
I believe that the price of BTC will hit $100k sometime in the future, possibly this year. And as for when this will occur, your guess is as good as mine.
#nosazena #btcprice #bitcoin #Write2Earn #cryptomarket
A significant event took place yesterday. BTC hit its all-time high (ATH). With the ATH attained, the price fell by $1000 in a minute. Most were surprised. Panic set in for some, and mass selling commenced. While the mass sale was on, a colleague asked how this could happen. I responded by saying only the derivatives could cause this type of mass selling. It turns out that quite a few derivatives got liquidated.
My piece of 4 March did mention a possible fall in price. I suspect something similar will happen at price points of between $70 and $72k. The reason is that there are a few take profits in the offing. While the Fear and Greed Index is now at 75, this does not mean that it is plain sailing. For the students of on-chain analysis, the Pi Cycle Top Indicator (PCTI) shows the BTC price hitting the 350-DMA x 2. The PCTI has to count for something.
I believe that the price of BTC will hit $100k sometime in the future, possibly this year. And as for when this will occur, your guess is as good as mine.
#nosazena #btcprice #bitcoin #Write2Earn #cryptomarket
BTC: All Time High Frustration?
In my last piece of 6 March, I mentioned that there would be another massive price drop should BTC hit between $70k - $72k. On Coinbase, BTC hit $70199, while on Binance $69990. We will likely have a repeat performance of the price hitting $70k and then a sudden drop. We may witness this a few more times before the final breakthrough to a much higher price level. As I have said, I am comfortable forecasting $75k, but not higher prices. Going by the Fibonacci retracement, $85k is the next price point after $75k.
The weekly chart has formed into a cup, and if the price charts sideways over the next few weeks - the handle. In other words, we may have a cup handle formation. The technical analysts among you know this is a bullish sign. Time is the custodian of events, and there is a way to go before the higher prices come to the fore. We will need patience. In the meantime, set your positions and sit back to prepare for a bumpy and fascinating ride.
BTC will hit $100k, but as to when - your guess is as good as mine.
#nosazena #BTC #Bitcoin #CryptoMarket #Write2Earn
In my last piece of 6 March, I mentioned that there would be another massive price drop should BTC hit between $70k - $72k. On Coinbase, BTC hit $70199, while on Binance $69990. We will likely have a repeat performance of the price hitting $70k and then a sudden drop. We may witness this a few more times before the final breakthrough to a much higher price level. As I have said, I am comfortable forecasting $75k, but not higher prices. Going by the Fibonacci retracement, $85k is the next price point after $75k.
The weekly chart has formed into a cup, and if the price charts sideways over the next few weeks - the handle. In other words, we may have a cup handle formation. The technical analysts among you know this is a bullish sign. Time is the custodian of events, and there is a way to go before the higher prices come to the fore. We will need patience. In the meantime, set your positions and sit back to prepare for a bumpy and fascinating ride.
BTC will hit $100k, but as to when - your guess is as good as mine.
#nosazena #BTC #Bitcoin #CryptoMarket #Write2Earn
