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Welcome to this quick bitcoin update. First of all don't be panic. This is just a normal correction. We are still in a bull run and $100k is imminent by the end of this year.
Now let's get to the chart first. BTC is still ok and holding a $61.8k support very well. There is also a 50D MA support here. So we might see a bounce from here.
If the $61.8k support does not hold then a bounce from $60k is highly likely. $60k is a very strong support. We have a weekly close also above $60k which is a very good sign. So don't be panic now just hold your positions and add in the dips.
If you like this idea then do appreciate it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Welcome to this quick bitcoin update. First of all don't be panic. This is just a normal correction. We are still in a bull run and $100k is imminent by the end of this year.
Now let's get to the chart first. BTC is still ok and holding a $61.8k support very well. There is also a 50D MA support here. So we might see a bounce from here.
If the $61.8k support does not hold then a bounce from $60k is highly likely. $60k is a very strong support. We have a weekly close also above $60k which is a very good sign. So don't be panic now just hold your positions and add in the dips.
If you like this idea then do appreciate it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
