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BTC Strong? To the Ichimoku faithful, do we believe BTC is now on the move? Or is this just false? What say you?

BTC Strong?

To the Ichimoku faithful, do we believe BTC is now on the move? Or is this just false? What say you?

Відмова від відповідальності: контент містить думки третіх сторін і не є фінансовою порадою. Перегляньте Правила та умови.
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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
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