I boldly predict that I may never see Bitcoin below 49,000 in this life. It may start a big rise next. It has already reached 59,000. According to this situation, it may not be far away to break through the previous high. As for Ether It may take a while for the currency to break through the previous high. Recently, Ethereum has been unable to rise and will reach the first place if it falls. The performance of Bitcoin is much better than that of Ethereum. My personal opinion is for reference only.
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Can the weekly closing price of Bitcoin this week remain above $52,500? If it can maintain this point or above, it is a weekly bottom divergence from a purely technical point of view, which means that there is at least an increase at the weekly chart level.
But what is more entangled is that there is no bottom divergence between the 1-day line and the 2-day line, which means that the daily and weekly lines have not seen resonance for the time being. If resonance is formed, then there is a high probability that 49,000 is the stage bottom. At present, a short-term pressure level of Bitcoin is around $62,000, which is a relatively large gap. The key point is the weekly closing price this week!
There is also a short-term pressure level of ETH at $2,800 to $3,000, but in the long run, it is only a matter of time for ETH to break through the new high of $4,500.
This article is sponsored by Binance Square with a 200USDC bonus! Activity topic rulesđ:
Quote this article I am publishing now and express your thoughts on the current market and trend of the currency circle. Is Bitcoin $49,000 the lowest point this year? Is the bull market over? Be sure to cite this article and post a comment and quote with your logic and opinions!
But what is more entangled is that there is no bottom divergence between the 1-day line and the 2-day line, which means that the daily and weekly lines have not seen resonance for the time being. If resonance is formed, then there is a high probability that 49,000 is the stage bottom. At present, a short-term pressure level of Bitcoin is around $62,000, which is a relatively large gap. The key point is the weekly closing price this week!
There is also a short-term pressure level of ETH at $2,800 to $3,000, but in the long run, it is only a matter of time for ETH to break through the new high of $4,500.
This article is sponsored by Binance Square with a 200USDC bonus! Activity topic rulesđ:
Quote this article I am publishing now and express your thoughts on the current market and trend of the currency circle. Is Bitcoin $49,000 the lowest point this year? Is the bull market over? Be sure to cite this article and post a comment and quote with your logic and opinions!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
59,825.7
0.00%
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