How are you? By Allah's grace, I'm doing very well.

Here you can see that the price of Bitcoin has been continuously pumping for the last one month or you can say that a small rally has started in the price of Bitcoin, due to which we could see a good movement in the crypto market for the last one month. Just like this, two or three months ago, Bitcoin was constantly pumping but then it dropped and came down below $80,000. So since Bitcoin is pumping in the same way this time too, many are thinking that the price of Bitcoin may come down below $80,000 again. We had read this same confusion situation before when the price of Bitcoin was at $90,000. The reason for this is that at that time we all were thinking that since the price of Bitcoin has pumped a lot, the price of Bitcoin may drop again from here, but later, we saw a spike coming with very high volume and the price of Bitcoin has hit $105,000 again. We will discuss whether the current Bitcoin price can go up from where it is or whether the Bitcoin price can fall below $90,000 again. When the price of Bitcoin pumps, you may have noticed one thing that Bitcoin's price does not pump continuously, Bitcoin pumps up to a level and then creates an accumulation zone there. That is, the market goes through a sideways movement, then if the market sentiment is good and everything is in favor of Bitcoin, we can see a second spike from here. But if any negative news about Bitcoin comes into the market from the accumulation zone, then we see the price of Bitcoin drop.

You can see this kind of accumulation zone (the white circle) in such a place, when there was a huge spike in the price of Bitcoin, everyone thought that the price of Bitcoin would go above 100 thousand dollars. But nothing like that happened, on the contrary, an accumulation zone has been created here and we have seen a spike in Bitcoin last week and similarly after this spike, the price of Bitcoin has again come into the accumulation zone. Currently, whether there will be a spike in the price of Bitcoin from this accumulation zone or not depends entirely on the fundamental news.

Besides, another logic can be thought of here, that is, previously whenever the price of Bitcoin touched this level (the green circle), then there was heavy selling pressure in the price of Bitcoin. Or you can say that the supply is very high in this level, whenever the price touches this level, we can see a very big drop from here. This is quite natural, when the price of Bitcoin touches this level continuously by pumping, then we will definitely see a correction in the price of Bitcoin. Now the question is, if there is such a correction in the price of Bitcoin, will there be a spike again or will the price of Bitcoin touch $90,000 again after taking the correction? And to know this, we have to look at the fundamental news, so let's try to understand the current state of the crypto market through fundamental news.

Here you can see that Donald Trump's tariff has started again and due to this tariff we have seen a very bad situation in the crypto market for the last one or two months. Whenever the pump starts in the crypto market, the crypto market was dropping again due to this tariff of Donald Trump and since this tariff has started again, its effect will again be felt in the market. If you ever see a lot of negative news coming into the market and Donald Trump is increasing the tariff but still the crypto market keeps pumping continuously then you will understand that the bullrun has started. Because when the bullrun starts, no matter how much negative news comes into the market or no matter how much someone tries to manipulate the market, at that time these things cannot affect the crypto market. Then there is another fundamental news that a conflict has started again between Russia and Ukraine and this topic of Russia and Ukraine has a good effect on the market. And currently there are two major fundamental negative news in the market, currently the price of Bitcoin is 103 thousand dollars and what I am thinking is that even if the price of Bitcoin reaches 105 thousand dollars, we will still see a healthy correction. Bitcoin needs a healthy correction, as a result of which we will see a big spike in the future. There is always volatility in the bitcoin, crypto market, so you should take action according to your 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.