IL BREAKOUT DEL BITCOIN È IN CARICAMENTO FORMA UN PENNANT | Eternel insatisfait su Binance Square

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Eternel insatisfait

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IL BREAKOUT DEL BITCOIN È IN CARICAMENTO  
FORMA UN PENNANT BULLISH NEL 
BREVE PERIODO, UN BREAKOUT
VERSO L'ALTO SIGNIFICA $100,000 🚀

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BTC

94.872,2

+1.37%

1k

0

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#BTC Bitcoin has reclaimed $91k as support However, Bitcoin needs to Daily Close just like this to confirm the reclaim This just shows that lots can still change throughout the day and that the upcoming Daily Close will be quite important in dictating the next move $BTC #Crypto #Bitcoin

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#BTC Bitcoin has successfully retested the Range Low of $91k as support while also developing a subtle Higher Low on the RSI A double bottom on price at $91k coupled with a Higher Low on the RSI offers initial signs of an exaggerated Bullish Divergence $BTC #Crypto #Bitcoin

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#BTC Bitcoin has dwindled to pretty much the very bottom of its $91000-$101165 range Needs to hold the $91k Range Low as support (blue) to avoid further downside and actually deepening this multi-week corrective period $BTC #Crypto #Bitcoin

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Bitcoin will retrace deep enough to convince you that the Bull Market is over And then it will resume its uptrend #BTC $BTC #Bitcoin

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WHY IS THE CRYPTO MARKET DUMPING? 3 REASONS BEHIND THE SUDDEN BTC AND CRYPTO DUMP 1) BETTER JOBS DATA YESTERDAY, US JOB OPENINGS DATA CAME IN AT 8.096M, EXCEEDING CONSENSUS OF 7.605M. GOOD ECONOMIC DATA MEANS FEWER RATE CUTS, WHICH IS BEARISH FOR RISK-ON ASSETS. 2) NEW PANDEMIC FEARS SIMILAR TO C-19, THERE'S NOW FEAR OF A NEW VIRUS, HMPV YESTERDAY, THERE WERE A FEW CASES REPORTED GLOBALLY, WHICH HAS CAUSED PANIC AS INVESTORS ARE RELATING THIS WITH 2020. 3) OIL PRICES RISING RUSSIA AND OPEC MEMBERS HAVE TIGHTENED THE OIL SUPPLY, WHICH RESULTED IN OIL PRICES RISING. HIGHER OIL PRICES MEAN HIGHER INFLATION, WHICH WILL STOP THE FED FROM DOING AGGRESSIVE RATE CUTS. I THINK MOST OF THESE FACTORS ARE BEING OVERESTIMATED BY THE INVESTORS. SOON, THERE WILL BE A REVERSAL, AND THE CRYPTO MARKET WILL SEE A FACE-MELTING RALLY 🚀

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