Since there are no vivid signals that imply an imminent super bullish market, we should not expect a dramatic rise in the prices. Although US and Europe are experiencing unprecedented inflation rates and disproportionate interest rates, which apparently can cause the market to grow as well, the governmental 10 years bond yields of US, Britain, Canada and others...
Since the initial public launch, This coin has gone through severe compression. As you can see in the chart, the Price action had shaped a wedge from Jan 22 till March 22. Moreover, the price area of 14.5$ _ 15.5$ has proved to be an unfailing and trustworthy foundation.
Plus if you consider the price chart with RSI simultaneously in Daily timeframe, you'll see a...
BTC is now on a reliable support area . although the whole trend is neutral and mid-term trend is bearish , but the trend is gonna go up in short-term.
BITCOIN is definitely in a bull trend. 51,000$ is the target; But It is necessary to retest 45,500 before that.
Moreover, It is highly likely that the trend would turn about 1 thousand before the Target.
Black areas > Red Areas > Purple Areas ( > means stronger)
(there are small chances that none of this would come true)
BINANCE:BTCUSDT BINANCE:BTCUSDTPERP
