How are you? By Allah's grace, I'm doing very well. We all know that the current crypto market situation is very bad, that is, Bitcoin sometimes goes up to $112,000, then again to $106,000, then again when it pumps up to $110 or $111,000, then again it drops to $102,000. So today I will discuss with you what the next moment of Bitcoin could be or whether Bitcoin will remain stable or not.

First, if we understand a little about the condition of Bitcoin or the movement of Bitcoin, then we can understand whether Bitcoin will go up or down. Here you could see that when the price of Bitcoin dropped to $75,000, then we saw a bounce back in the price of Bitcoin, due to which we saw the price of Bitcoin go up to $112 again. Here you might notice one thing, when the price of Bitcoin dropped to $75,000 and then suddenly it did not rise to $112,000, when Bitcoin went to $75,000, it went up to $85,000 with a small spike, then the market went into the accumulation zone at $90-93,000, then another small pump came, then a good amount of pool back came, then a big movement came from here, then the market went into the accumulation zone again, then it pumped again and because of this accumulation zone, Bitcoin went to $112,000. When Bitcoin was taking its own price up like this, we all thought that the price of Bitcoin would go up even more, but this time the opposite happened, the price of Bitcoin has started coming towards itself instead of crossing the upper level. This means that the price of Bitcoin or the buyers do not have such power that they will take the price of Bitcoin above $112,000, which is why we saw Bitcoin start coming down.

And if we draw a trend line here, you can see that this trend line has already broken and has broken down a good amount. Now the thing to see is whether the price of Bitcoin goes up again from this support zone or breaks this level and goes down, so you have a good idea. If we see a constant downfall in the price of Bitcoin, then it will come to 100-102 thousand dollars and if it goes up from here, then it is good and if it comes down, then it will come down to about 92 thousand dollars. Then if it crosses this level and starts coming down, then the next support level will come down to 84 thousand dollars. So now we have to be patient and see where Bitcoin goes after crossing the level of 102 thousand dollars. If it starts coming down, it can stop at 92 thousand dollars and if it keeps going up, it can go up to 120 thousand dollars. Remember that there is always volatility in the crypto market, so if you want to make any decision here, do your own analysis first and decide according to your own risk.

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.