Bitcoin Still Sell Intact but wait for the break-out Triangle
BTC is stuck in a nice triangle. Since May 21 BTC/USD is stuck in a triangle. Fundamentally, BTC still in a sell mode because China has banned BTC and Tesla also backfire on cryptos. Personally, I don't think BTC has any strict value like any commodities like gold, silver and oil etc. Cryptography technology is a bit tricky, maybe it is one kind of HYIP or maybe I am wrong.
I just want to handle BTC technically because fundamentally it doesn't have any strict values. From my technical aspect, from the present rate 39000 is playing a major resistance. breaking above 39000 prie zone we may upward correction till 42700 price zone. and finally 51330 price zone to the upside.
On the flip side, breaking below 30000, there might happen a big drop to the 20000 price zone. So, whether the market break-out upside or downside. takes your decision based on triangle break out.
I just want to handle BTC technically because fundamentally it doesn't have any strict values. From my technical aspect, from the present rate 39000 is playing a major resistance. breaking above 39000 prie zone we may upward correction till 42700 price zone. and finally 51330 price zone to the upside.
On the flip side, breaking below 30000, there might happen a big drop to the 20000 price zone. So, whether the market break-out upside or downside. takes your decision based on triangle break out.
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