This is the possibility if BTC decides to go up in a buying situation,,
The market havent reached the bottom yet, but fundamentally, the demand of BTC is too high, then if that's the case BTC will not proceed to break the 29k support,it can never be too cheap as it is ranked 1st class with higher prices expected to be riched unlike this other coins, BTC is like gold of cripto. You can see a drop in gold price but it is never cheap.
For now the price is expected to range in between the 51k resistance and the 47k support, if we see a break down it is expected to hit the 35k support, if price breaks the 51k, it is expected to hit the 60k-65k resistance or break to the moon.
Disclaimer
* this is not a financial advice to take a trade
* trading with this idea your funds could be at risk if you may encounter any loss I will not be responsible for any damage caused.
Like and leave a comment of your thought on this.
Open for discussion
The market havent reached the bottom yet, but fundamentally, the demand of BTC is too high, then if that's the case BTC will not proceed to break the 29k support,it can never be too cheap as it is ranked 1st class with higher prices expected to be riched unlike this other coins, BTC is like gold of cripto. You can see a drop in gold price but it is never cheap.
For now the price is expected to range in between the 51k resistance and the 47k support, if we see a break down it is expected to hit the 35k support, if price breaks the 51k, it is expected to hit the 60k-65k resistance or break to the moon.
Disclaimer
* this is not a financial advice to take a trade
* trading with this idea your funds could be at risk if you may encounter any loss I will not be responsible for any damage caused.
Like and leave a comment of your thought on this.
Open for discussion
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