Alhamdulillah ❤️,
As expected FED Cuts Rate market got ignite in upward direction and heading toward t.p of $65,000. It is past here is next expected move of $BTC with full detail why? In today post we will try to discuss these ideas 💡:
☞ BTC Fundamental Analysis
☞ BTC Technical Analysis
☞ Personal Point Of View
🔸 As usual Let's start with fundamental analysis . As discussed in 14 SEP Post " market nor get dump and not pump on rate cut but get ignite in same direction for short term in which it was moving first . As this time it is moving upward so, we can expect Bullishness in market after rate cut". And now you can check where market stands. We said for short term . Means 2-4 days will be Bullish . Yesterday bullish today is also expected Bullish . We can expect our main t.p $65,000 today . If it get hit 🎯 then it then we will secure 14% move. Currently after hitting $65,000 we are expecting some consolidation . Once $65K hit we will write about next expected move . So, right now wait for $65K only.
🔸 Now let's discuss about technical . According to technical analysis #bitcoin☀️ formed Inverse Head and Shoulder pattern in 4H TF . Completed structure , broke resistance after a successful retest of support and now moving upward. we are in bullish state. so we will try to find out some resistance level from where we can expect a correction or consolidation . Right now we have resistance area between $64,500 and $65,000. So, we can expect some consolidation there. Once #Bitcoin❗ hit $65K it will start consolidate there. After some consolidation we need to check on what side it is showing more strength so we will plan our next move accordingly. Right now just look for $65K and some consolidation there.
🔸 Personal Point Of View : According to mine opinion #Bitcoin will hit $65,000 consolidate there and then we will analyze and share next expected move of BTC.
🔸 Note : If you find this post helpful then don't forget to like. And tell in comment are you really getting profits from it or nor!
