Bitcoin
As we expected in the previous analysis, the price could not reach 39K and entered the correction
The news of the war was also impressive and caused it to reach its 34K price sooner than expected, and we saw a sharp and rapid decline.
After hitting the 34K level, it faced excellent support and high volume and was able to return to 40K
But it still seems that the 40K level and the downward of the descending channel are very strong and at the moment it can not break this level.
The price is expected to return to the 34-36K level again
➖➖➖➖➖➖
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #BTCUSDT( Bitcoin )
💹 Time Frame : 4H
🔵 Personal Opinion : Short
🎯 Next Targets : $37500 — 34800$
👤 Saeid.Mahbob
📅 26.Feb.22
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
As we expected in the previous analysis, the price could not reach 39K and entered the correction
The news of the war was also impressive and caused it to reach its 34K price sooner than expected, and we saw a sharp and rapid decline.
After hitting the 34K level, it faced excellent support and high volume and was able to return to 40K
But it still seems that the 40K level and the downward of the descending channel are very strong and at the moment it can not break this level.
The price is expected to return to the 34-36K level again
➖➖➖➖➖➖
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #BTCUSDT( Bitcoin )
💹 Time Frame : 4H
🔵 Personal Opinion : Short
🎯 Next Targets : $37500 — 34800$
👤 Saeid.Mahbob
📅 26.Feb.22
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
