What is next movement of bitcoin?
Guys welcome back to the my analysis blog. Dear friends this is not financial advice. Everyone have own opinion and i am sharing my opinions with you. Do your own research and then take decision.
Bitcoin is now 5002$. Bitcoin need to break 5200 resistance to touch 5600, 5800 and 6000. So this is upside possibilities now here we are sharing downside possibilities.
4500, 4800 and 4950 are the support lines so if bitcoin not break resistances then these support lines can accept bitcoin. And it will send again up to bitcoin.
Because there are lots of traders who are planned to buy bitcoin here so bitcoin will get more volume if it touch support lines.
Worst case scenario
Worst case scenario is 3000$ and 3200$ resistance and these are biggest support line and you can say that these lines are actual bottom. There are less possibilities to touch these support lines again.
Sfter 3k there are only hodlers exist in bitcoin. And they saying no to sell bitcoin. That is why there are no chance to break this big support line. Because it is end of whales. They can't push back below 3k.
So these are my opinions. what is your opinions please share in comment section .
There are many people selling their bitcoin. It is a bit of an overstatement to say that everyone is HODLing at the moment.
brother, i think you not got my point.. i said after 3k bitcoin level only hodlers exist there. I bet you bitcoin will not go below 3k.
Yes, I very highly doubt that will happen also. The odds would be very low. Nevertheless, I have no data to back this up and I'm just throwing my opinion out there.
I appreciate your opinion brother ♥
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