Hello Dear Traders,
Frm Last 6 days we were seeing continuous decline in btc price, in previous posts also many times i mentioned tht 53500$ is Strong demand zone and if btc goes below this demand zone then things may get ugly bt like always when elon musk tweeted tht tesla Accepting Bitcoin as payment within few hours again strong positivity came in market and btc bounced back exactly from 53500$.
Last daily candle closed DOJI, which shows both bulls and bears holding same power and no is giving up. today btc raised very well and it seems like bulls are wining this battle frm 53500$. if daily candle closes strong bullish then again we will see btc testing 62k.
Also Keep in mind tht on weekly timeframe btc made double top chart pattern and last weekly candle is bearish.
Have smaller Position size in trading.
Frm Last 6 days we were seeing continuous decline in btc price, in previous posts also many times i mentioned tht 53500$ is Strong demand zone and if btc goes below this demand zone then things may get ugly bt like always when elon musk tweeted tht tesla Accepting Bitcoin as payment within few hours again strong positivity came in market and btc bounced back exactly from 53500$.
Last daily candle closed DOJI, which shows both bulls and bears holding same power and no is giving up. today btc raised very well and it seems like bulls are wining this battle frm 53500$. if daily candle closes strong bullish then again we will see btc testing 62k.
Also Keep in mind tht on weekly timeframe btc made double top chart pattern and last weekly candle is bearish.
Have smaller Position size in trading.
