Bitcoin (BTC) technical analysis -Part1
At this point we can analyze the BTCUSDT in two ways; the first one where the price is moving accordingly is presented here.
So, according to the last BTCUSDT analysis, the price has made a minor wave up and has reached the crucial area in which two (or one might say three) important lines meet. Since we didn't see a significant increase in buy volume (or yet to see), the BTCUSDT is more likely to go down than to go up. Also, because we are close to the last days of the year (Happy New Year and Merry Christmas) there won't be much increase in buy volume, since most people will need money on such days. Thus, the possibility of BTCUSDT oscillation is also high; it is likely that after the new year the buy volume will increase. Stay tuned.
So, according to the last BTCUSDT analysis, the price has made a minor wave up and has reached the crucial area in which two (or one might say three) important lines meet. Since we didn't see a significant increase in buy volume (or yet to see), the BTCUSDT is more likely to go down than to go up. Also, because we are close to the last days of the year (Happy New Year and Merry Christmas) there won't be much increase in buy volume, since most people will need money on such days. Thus, the possibility of BTCUSDT oscillation is also high; it is likely that after the new year the buy volume will increase. Stay tuned.
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