BTC Market Update || 26 October 2023
A major movement is seen in the crypto market for the past few days. After a long market down, this pump is very happy for all crypto enthusiasts and investors. After almost 2 years Bitcoin touched $35k and is hovering above $34k.
A few months ago, it failed to cross the support resistance of $32,000. And the market retastes it again down to $26,000. By doing this, everyone started fearing again that the market has again entered the bear market. However, within 1.5 months, BTC strengthened its position and touched $35,000 with a big pump.
And through this pump, BTC breaks the support of 32,000 very easily. And that's when Swati started working in the market. Today the Bitcoin market has dumped a bit for a retest. But after so many pumps a dump like this is needed. If such a dump does not come, then a bigger dump is seen in the market later. So a dump is needed for a little retest.
It is expected that BTC will break the $38,000 support in the next few days. And everyone should look forward to it. And we should make a trend we will not sell our BTC. I will hold until BTC goes to the moon.
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https://twitter.com/sagor1233_tfc/status/1717599505028456497
Good of you to provide us with this update on Btc and your thought on its likely trajectory.