Bicoin Market Analysis & Prize Prediction || Steem Alliance

Assalamu Alaikum friends,
Hope everyone is doing well. I am also good with your prayers. In fact, price pumping in crypto-markets works in everyone's best interest. As the crypto-market pumps up, the asset's profits continue to grow. This makes everyone feel better. In today's blog I will do Bitcoin market analysis and price prediction. Hope you like this blog. So without delay let's get started:-

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15 Minute Candle

^{ScreenShots From TradingView}

At the beginning of this analysis blog we will start with a 15 minute candle. As we can see on the 15 minute candle, the candle has formed a rising edge pattern. This rising edge pattern moves upward, sometimes up, sometimes down. A break out of a rising edge always breaks the upside support and keeps the coins pumping. Bitcoin is forming a similar pattern on the 15-minute candle.

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4 Hour Candle

^{ScreenShots From TradingView}

The 4-hour candle plays a major role in price analysis focused on a specific timeframe. Bitcoin's 4-hour candle has also formed a similar rising edge pattern as the 15-minute one. And the breakout of this pattern broke the upper support zone. As a result, the price of Bitcoin is increasing very easily. There was a strong support resistance at $52,500, which this pattern easily broke. And within a short time the prize touched 57 thousand dollars.

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1 Day Candle

^{ScreenShots From TradingView}

A 1-day candle provides a price signal for the long term. So if the 1 day timeframe can be analyzed well, then it will be possible to understand the market condition very easily. We have created some Bitcoin specific support zones for the 1-day timeframe, where Bitcoin stayed long. And Bitcoin has always seen an up side movement in every zone. Bitcoin started pumping from around $28,500 and has maintained that streak. As per the market situation sometimes it has dumped to fill the liquidity, but that is for a short period of time.

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My Prize Prediction

^{ScreenShots From TradingView}

According to my analysis, if the market breaks the support of 57,000 thousand, Bitcoin can easily be seen in the $60,000 house. But even if a little dump is seen to take market retest, it will not become a serious issue.