Getting to the halfway point - Bitcoin is important in the coming days

in #bitcoin6 years ago (edited)

The Bitcoin broke all the support points it held for 20 days and then the Bitcoin went away on the downside as the break of 6800 points separated the two directions.
Breaking the bearish trend line at $ 7200
Break the 50, 100 and 250 day moving average at $ 7200
Breaking the support line is important at 6800
BTCUSD-1.png

After that, the Bitcoin should keep trading above the most important support since the beginning of the year at $ 5800, but breaking that figure could break down the Bitcoin and head to $ 3000- $ 3,500, but before that Bitcoin will have a date with a strong Harmonic model at $ 4250 It is an equal rib model. Which could put an end to the fall of the largest currency in the world of encrypted currencies.

What can we conclude from all this? Bitcoin might be buying now at $ 5790- $ 5700 and when we break this figure we are going to sell for $ 4250. As we have said, any purchase will answer only $ 7000 as this price will face all of the above as a resistance.

All currencies have fallen against the dollar due to the economic crisis in Turkey and the deterioration of the relations between Turkey and America. The Turkish currency has spread to the European banks, so all the currencies have collapsed against the dollar, Which is a safe haven at all times, especially as this market is very small compared to the global financial markets.

We are also used to the slow pace during Saturdays and Sundays due to the closure of global markets, but what will happen when the market opens:

  1. If the economic crisis escalates, it means the steady rise of safe havens and this means increasing pressure on digital currencies.
    2 - The dollar may complete the rally towards the 98 and will continue to devour all the currencies without exception and this is also a strong reason to pressure the digital currencies.
    3 - Any breakthrough in the Turkish crisis will tempt investors and return appetite to risk again and see the rise of the coded currencies again.
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Hope bitcoin will go bull market

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