#Bitcoin Technical Long View :-
$BTC currently trading at $21000
And Went down to $20,000
As per chart 200 Days Moving Average is around $22358
As per Previous History 200 Days Moving average in Monthly chart is Very Important.
$BTC never Trade below in Line Chart.
Currently trading below 200 Days Moving Average.
So There are Two Scenarios:-
1st:- Price may Strong Bounce from here toward $28000 below 200 Days Strong support and Weekly RSI almost Oversold.
So $20k-21k is also Good Entry If Hold $20k Level.
And
2nd Scenario:- If Price Go below Side then $12200 is also Strong support so 2nd Entry will be around $12000
If Price Bounce then :- $21,000 -> $28000 -> $12200
But Not sure about Entry 2 but if dip then don’t miss to Buy huge here.
Now Every Big Dip mean Buying Opportunities for Long Run.
$BTC currently trading at $21000
And Went down to $20,000
As per chart 200 Days Moving Average is around $22358
As per Previous History 200 Days Moving average in Monthly chart is Very Important.
$BTC never Trade below in Line Chart.
Currently trading below 200 Days Moving Average.
So There are Two Scenarios:-
1st:- Price may Strong Bounce from here toward $28000 below 200 Days Strong support and Weekly RSI almost Oversold.
So $20k-21k is also Good Entry If Hold $20k Level.
And
2nd Scenario:- If Price Go below Side then $12200 is also Strong support so 2nd Entry will be around $12000
If Price Bounce then :- $21,000 -> $28000 -> $12200
But Not sure about Entry 2 but if dip then don’t miss to Buy huge here.
Now Every Big Dip mean Buying Opportunities for Long Run.
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