Strong correction downside Monthly Base Towards 19k to 22k$The BTC/USD pair broke below the critical support at the 50-day exponential moving average ($35,093) but found support at $30,688.10 near the 38.2% Fibonacci retracement level.
Bitcoin prices have rebounded slightly, following a sell-off from Friday’s high, where BTC/USD broke above $40,000, before facing a wall of resistance formed by the key psychological level of $42,000. The three-day sell-off resulted in a $10,000 depreciation in the digital currency, raising concern that the Bitcoin ‘bubble’ had officially burst. However, the pullback in prices is no comparison to the massive 949% surge from March 2020 low.
BTC still looking strong correction downside on monthly base towards Supports 28k and 25k and small crush or panic crush 17k to 19k$ where we can see new bull start towards long term target 75k$
Remember: 2017 bull and crush 80% and 2020 BULL Little bit different due to institutional investor JUMP in but CRYPTO HIG Volatility market anything could possible like 2017, 50% correction not a big deal for current market price ( 50% correction from the all-time high is 20,000$
🛑SUPPORT/RESISTANCE
✅S1= 28000
✅S2=23000
✴️R1=36000
✴️R2=42000
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Currently BITCOIN Under PUMP 10,200$ OR DUMP 4500$ ConditionPlease like, share, comments and follow me to get daily base analysis
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🛑SUPPORT/RESISTANCE
✅S1= 5800$
✅S2=4500$
✴️R1=8600$
✴️R2=10,200$
Price rebound from 3800$ to 7200$, currently price keep hit Resistance 7200$ and many time rejected to break resistance. If the price manage to break 7400$ then next level 8400$, 9600$ and 10,200$.
If price DUMP we could see again support level 5800$ and 4500$
Strong Bullish after new PM newsGBPUSD looks negative in the near-term, while in the medium-term the picture is seen bearish unless the price breaks above the descending channel, Pound under pressure because of uncertainty in the market of NEW PM.
Once new PM-elect market could relife near term uncertainty and short term GBP bullish but coming months bearish due to Brexit.
Price Holding Multi-month support level 1.2380 where price bounce many time. Below 1.2375 open doors towards 1.2310 and 1.2240 follow. Above 1.2610 prices could go high next key resistance 1.2740.
Support Levels:
S-1 = 1.2440
S-2= 1.2385
Resistance Level:
R-1 =1.2540
R-2 =1.2625
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SHORT FROM 60 TO 62 LEVEL TOWARDS 51 ( weekly base)Support Levels:
S-1 = 58
S-2= 55
S-3 =52
Resistance Level:
R-1 =60.50
R-2 =62.25
R-3= 65
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