Bitcoin Starting to show some strength ! Check this out....
Good morning everyone and welcome to another weekend session.
Bitcoin is heading towards a very important demand zone, while still showing strong buying pressure. In my opinion, it will be very difficult for Bitcoin to drop around the 48k level with this buying pressure and the completion of a downward sequence, price is landing at point #6.
this is very important because if we can see the liquidity and buying pressure this is showing the conclusion of a bearish trend
So for this week, Bitcoin will probably show some liquidity, which will cause long wicks to the downside, indicating strength and a rejection of further decline. Most likely, by the end of this week or during the next, we will start to see an upward trend.
Thankyou for your support
Best Regards
Bitcoin is heading towards a very important demand zone, while still showing strong buying pressure. In my opinion, it will be very difficult for Bitcoin to drop around the 48k level with this buying pressure and the completion of a downward sequence, price is landing at point #6.
this is very important because if we can see the liquidity and buying pressure this is showing the conclusion of a bearish trend
So for this week, Bitcoin will probably show some liquidity, which will cause long wicks to the downside, indicating strength and a rejection of further decline. Most likely, by the end of this week or during the next, we will start to see an upward trend.
Thankyou for your support
Best Regards
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