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BITCOIN UPDATE TODAY - Next 29000$ ? | #38th Update
Good Evening, traders I trust you've been profitable by staying updated on our regular analyses. if you following me you'll know the market conditions and movements. CLICK-MY PROFILE WATCH THE LIVE GET BENEFITS 😜.
As I said last BTC update, "BTC if not hold on 43700 then we face dump to 41800$." BTC dump as we expected BTC accurately happened and Hit 416500 This is what I expected.
As of now the BTC showing a bearish moment according to 4h chart & 1h chart, 1 D chart . if anything change quickly I will update 0n X Author: @cryptofamilyrky
Bitcoin is currently trading around $42700
According to the 4-hourly chart.
4h Chart
📍- Resistance: $43254
🟢- Support: $41500
According to the 1-hourly chart.
1h Chart
📍- Resistance: $43215
🟢- Support: $42430
I will add 1h, 4h, D chart below this post see and get idea from the chart..
Why dump possible and correction probabilities!!
👉 When I look at the STOCH RSI, it's overbought on the daily, weekly, and even monthly scales. This means the market is exhausted and we might soon see a bigger correction
👉 BTC rejecting from the Four Year Cycle resistance. & BTC rejects from the Macro Diagonal.
👉 BTC correction or dump during the Pre-Halving period is influenced by historical trends. There's typically a 30-day window before the Pre-Halving rally, where a deeper retrace could occur. The Pre-Halving retrace itself, around the event, has seen variations like -38% in 2016 and -20% in 2020. However, the subsequent Re-Accumulation stage, marked by boredom and impatience, is where investors might be shaken-out.
Scenario 1: In my view, a small dump to 41500 or lower in the next few hours if breakdown this support $41300, $41000, $4800 is possible.
Scenario 2: , a small dump to 41500 or lower in the next few hours if this support $41500 hold then small pump $42000, $42700 is possible.
Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn for earn. I hope you're one of them. like this post thanks.
Good Evening, traders I trust you've been profitable by staying updated on our regular analyses. if you following me you'll know the market conditions and movements. CLICK-MY PROFILE WATCH THE LIVE GET BENEFITS 😜.
As I said last BTC update, "BTC if not hold on 43700 then we face dump to 41800$." BTC dump as we expected BTC accurately happened and Hit 416500 This is what I expected.
As of now the BTC showing a bearish moment according to 4h chart & 1h chart, 1 D chart . if anything change quickly I will update 0n X Author: @cryptofamilyrky
Bitcoin is currently trading around $42700
According to the 4-hourly chart.
4h Chart
📍- Resistance: $43254
🟢- Support: $41500
According to the 1-hourly chart.
1h Chart
📍- Resistance: $43215
🟢- Support: $42430
I will add 1h, 4h, D chart below this post see and get idea from the chart..
Why dump possible and correction probabilities!!
👉 When I look at the STOCH RSI, it's overbought on the daily, weekly, and even monthly scales. This means the market is exhausted and we might soon see a bigger correction
👉 BTC rejecting from the Four Year Cycle resistance. & BTC rejects from the Macro Diagonal.
👉 BTC correction or dump during the Pre-Halving period is influenced by historical trends. There's typically a 30-day window before the Pre-Halving rally, where a deeper retrace could occur. The Pre-Halving retrace itself, around the event, has seen variations like -38% in 2016 and -20% in 2020. However, the subsequent Re-Accumulation stage, marked by boredom and impatience, is where investors might be shaken-out.
Scenario 1: In my view, a small dump to 41500 or lower in the next few hours if breakdown this support $41300, $41000, $4800 is possible.
Scenario 2: , a small dump to 41500 or lower in the next few hours if this support $41500 hold then small pump $42000, $42700 is possible.
Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn for earn. I hope you're one of them. like this post thanks.
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