How are you? By Allah's grace, I'm doing very well. Today I will share with you some updates on crypto market.

Like we drew last time, like a falling wedge was forming here and the market broke it out. Although the market will again test this previous resistance as support or is likely to do so. Then from here again bounce back and come up. So it is not like the market has become bullies because it has broken out this resistance. The market will go up from here because the halving happened on April 19th or 20th. Then after the halving there was a down to $57k and now Bitcoin is bouncing back here. So clearly there is going to be an up trend here. However, it is not clear which direction the market steel will go here. But Bitcoin has support and resistance in previous areas. So if the market breaks out of here or crosses $70k then we will understand that another rally is coming or we will be cleared here and next Bitcoin can go towards 100k. And here the things we expected are all ready. The market gave down here before the halving.

Source

Then took correction even after halving. Over all if I do this from here then approximately around 25% of the market has taken correction from here. Now we are bouncing back. So it is a bullish scenario but in my opinion we have to wait a little longer to see such a full seal rally, we have to see which direction the market goes.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.