BTC moving away from the alert zone again.
Greetings to all readers of this great platform, especially to readers who make active life in the community of #ProjectHOPE, in the present opportunity I want to share with you once again, information that goes related to the price of BTC and the crypto market in general, after the suspense generated 2 days ago, when it reached its price even below its price in terms of the support that has the market at 38k.
 The image used is from Public Domain, Author: binance |
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2 days ago I shared in one of my articles a relevant information regarding the price of BTC and the market, because in just 2 days it managed to touch the support in 2 opportunities, reaching one day at 38k the next day over 40k, and at night again at 38k and even a little lower, with that situation the market showed a great weakness that scared many small investors, who for fear of the market ended up selling their assets.
The situation of concern today is controlled once again, as the market responds positively again, in terms of the price of BTC as it rises again to 40k, an action that takes them away from the support that the market had at 38k and with the risk of going down and losing that support, which would take the market to an area that no one wants, as its recovery would be much longer.
The wide accumulation zone that the BTC has generated throughout the year, in my particular opinion generates great confidence and great hope, this market when it recovers as expected can exceed all the goals set for the current year and even more, which can generate many resources in people who have been patient and have been smart in front of the market.
Since the beginning of the year, it has been an area of constant accumulation in the market, so people who are part of the blockchain should do the same, accumulate as many tokens as possible and see how the market recovers, today was a good day in the crypto market, we must wait for what happens tomorrow.
hi @ chucho27
The movements that bitcoin has had this week have been very considerable, investors have shown some fear when selling, therefore its price has fallen a little, I think there is a lot of uncertainty about it and I hope that the market will recover soon.
Thank you so much for sharing
Greetings my dear friend @chuccho27, it is a good analysis that you make, and I share your opinion, I believe that this period of accumulation will benefit in the long term to all investors who have been patient and have not been frightened by market movements.
See you later, have a great week.
I feel that the accumulation will last for a little longer and the bull market will probably not return this year, but we will see some slow positive moves later this year. A new ATH might not happen this year.
We can expect a relatively strong pullback from bitcoin before the first week of may. There is also a correlation to be expected still from bitcoin before moving up