Bitcoin price analysis
Bitcoin’s upside price rally went up to 38,000 and didn’t manage to cross this level!
the question now is whether this Bull Run will continue vertically, as it did in the past few months, or whether a short-term correction should be expected.
Trend level is a critical level if this upside price trend is going to continue.
I think such a wild ascent indicates a stage of disconnection, and at such stages, one tends to see sharp movements in both directions,
What’s more, last time it happened, the price tripled and went into repair
Is this time too?
short term resistance stay in 36,000-39,000 $
short term support stay in 21,000$
* The first sign for the move will come when the two bands will meet (yellow& purple ) *
see also the last post-Will February signal the sequel Bitcoin Imagination to continue?
*** if it will break up – so there is a bull flag = mean 52,000$ on the line ****
see the similarity in those two moves :
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| Bitcoin technical analysis |
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| Bitcoin news |
Is this an increase for the purpose of a decrease? see the predicted price :
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| Bitcoin price charts |
*** if it will break up – so there is a bull flag = mean 52,000$ on the line ****
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| bitcoin future move |
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