Bit Coin Will Hit 100k || Technical Analysis
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Hope everyone is well. Everyone's interest in Bitcoin is increasing day by day. And since yesterday's bitcoin halving, a different kind of interest is emerging. Anyway today I will make Bitcoin price prediction. Today I will talk about why Bitcoin is going to hit $100,000 very soon. We will look at that through technical analysis.
Support Label
Bitcoin's best support level is currently $60,000. A few days ago there was a war which caused the market down but Bitcoin created a very good support level at 60 thousand dollars. We see a very nice support level.
Halving effect
I hope you understand that the support level of Bitcoin is quite good, which means that it will not give such a big down. It means that the probability of market down is only 10% and the probability of market up is 90%. As a result, the market will be seen to rise within a few days.
Market Long Issue
Many traders hold Bitcoin for 5-6 months. So when the price of Bitcoin goes to 80 thousand dollars, it will not be able to survive at that price. Because many people will continue to sell bitcoins. But Bitcoin will stabilize there after hitting 80 thousand dollars 1-2 times.
Past Halving Matter Maintain In 2024
Understand with indicators
The price of Bitcoin started increasing within 1-2 months of the last halvings and this time too there will be no change. But one thing should be kept in mind if any kind of bad situation occurs in the world then it will be seen that the price of Bitcoin will start decreasing. If not, I hope the market will do well. The effect of Halbing will start within 1 week. But 100% effect of Halbing will be seen after 2 months. We see exactly the same thing in 2021. So I hope to see a very good market.
Bull cycle will come very soon. But first everyone will try to invest on bitcoin. This is why bull cycle will come lately. So we have to wait for it. Thanks for reading.
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You've written a wonderful article of that I have no doubt, I also agree with you on Bitcoin reaching $100k, personally at the pace we are on I believe before the end of the end we are likey to see a $100k Bitcoin.
Good to know that you read my article. Yes, bit coin halving is complete. So now we can expect a big pump.
I also hope that Bitcoin will reach 100 k. This halving is definitely expected to happen.Nicely explained it.thank you.
Thanks for reading.
I agree with you! Bitcoin will race again to create its new all-time high! Bitcoin is going to touch $100K very soon
Everyone is hoping. I think it will going to happen with in 2 months.
If we look at the previous history, we can see that the price of Bitcoin has gone up every time after its halving. There is no doubt that Bitcoin will cross $100,000 this time as well. But what you said here is absolutely correct because Bitcoin will not go all the way up but will slowly cross this label in the meantime due to the investment held by many investors. Anyway, good to read the post.
yes it will move slowly. Ups and down is the nature of market.
A very nice analysis of Bitcoin bro. I also think that Bitcoin will hit 100k very quickly. And this is a very happy news for us.