Welcome to this exclusive BTC update, everyone.
The last time when BTC rejected from $53k everyone is panicked and shouting bitcoin is going again $35k or even $30k but IMO this is not going to happen. Currently, bitcoin's price is trading above $48k and it's recovered very well after that dump.
What I see in the chart now is bitcoin forming an inverse head and shoulder pattern. If this pattern is completed and we break the neckline of this pattern then bitcoin can reach $90k. But it is not so easy, for breaking ATH bitcoin has to face many resistances. The next resistance for bitcoin is around $49.2k and $50k (psychological resistance). BTC must break these resistances to go higher.
If you like this idea then hit the like button and do share your views in the comment section.
Disclaimer:- I'm not a financial advisor. Do your own research before investing.
The last time when BTC rejected from $53k everyone is panicked and shouting bitcoin is going again $35k or even $30k but IMO this is not going to happen. Currently, bitcoin's price is trading above $48k and it's recovered very well after that dump.
What I see in the chart now is bitcoin forming an inverse head and shoulder pattern. If this pattern is completed and we break the neckline of this pattern then bitcoin can reach $90k. But it is not so easy, for breaking ATH bitcoin has to face many resistances. The next resistance for bitcoin is around $49.2k and $50k (psychological resistance). BTC must break these resistances to go higher.
If you like this idea then hit the like button and do share your views in the comment section.
Disclaimer:- I'm not a financial advisor. Do your own research before investing.
