Post
Topic
Board Speculation
Re: Bitcoin breaking out of 2 month downtrend
by
karabiber
on 22/06/2023, 17:53:55 UTC
After more than 2 months the price dropped and today it rose to $ 30k, I'm sure the increase will continue so that it makes many panic when buying, the best strategy is to buy when the price is cheap, and unfortunately many panic sell when the price is below $ 25k which happened last week, when the price was rising, many panicked to buy, but don't make the mistake again by selling when the market is red.

Volume continues to melt BTC movements may change and will choose the absolute direction until the close. I predict the movement of the altcoin when BTC is around $35k. The altcoin will walk from here. Bitcoin has broken the determined resistances and is showing resistance in the $ 30k band. The weekly $26,600 and $27,200 levels are key support areas. If it continues to stay above this support, i am hopeful for the market. It is possible for BTC to climb to $35k if it breaks the $31,300 resistance zone in the coming week and makes weekly closes above it. If this resistance is not broken, a sag below $26k appears.

Bitcoin is a highly volatile coin and market news affects BTC. ETF applications of large financial companies, especially BlackRock's application, created positive expectations and changed the price in BTC upwards.