BTC/USD Technical Analysis
Over the past week, the BTC Price has been stabilizing between 9.5K-9K. If it breaks 9.5K then it can retest 9.8K-10K. Both 9.2K and 8.5K are the Important Level.9.2K, BTC will be dumped at 8.5K if that break. 8.5K is the key level which can take correction to BTC 7.6K - 6.2K if broken
I don't really know about the technicals. But I feel fundamentally this is the right time for Bitcoin to pickup speed and reach some good 15K levels. I mean A complete lockdown of Economy. and Yet Economy is standing pretty much intact. Once people realize that crash is incoming they will immediately take money out of the markets and the alternative best source of investment would be bullion but gold already has risen so much in past few days that buying it at this price today is not at all lucrative so remaining bet is cryptocurrencies and Bitcoin. Moreover we are yet to see the halving impact on Bitcoin price. So i pretty much feel that fundamentally bitcoin is going up for sure.