Will Bitcoin finally hold from declining any further? Only time will tell, but this level
has held strong before so let’s see what happens next.
A high was formed in January 2021 at $42,000 but the following month price surged
past this level. From then on we have seen a sideways market.
This level was then used as support in September 2021 before we saw a bounce and
price go on top create another new all-time high briefly.
Price has since declined from the all-time high of $69,000 and come down to the
January 2021 support zone.
So far this week we are seeing a bounce and we may well start to see another
bullish move. The $50,000 round number does stand in the way but with enough
momentum, this level can be broken again.
A surge in the price in Bitcoin should see the rest of the cryptocurrency market
form strong bullish moves as well.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
has held strong before so let’s see what happens next.
A high was formed in January 2021 at $42,000 but the following month price surged
past this level. From then on we have seen a sideways market.
This level was then used as support in September 2021 before we saw a bounce and
price go on top create another new all-time high briefly.
Price has since declined from the all-time high of $69,000 and come down to the
January 2021 support zone.
So far this week we are seeing a bounce and we may well start to see another
bullish move. The $50,000 round number does stand in the way but with enough
momentum, this level can be broken again.
A surge in the price in Bitcoin should see the rest of the cryptocurrency market
form strong bullish moves as well.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
