Hello folks,
Welcome to this another important update on BTC price in 8 hours timeframe.
First of all, thank you everyone for being so supportive. I feel honored to help you guys with my charts and quality content.
In this Tradingview platform, I provide 100% original and thoroughly analyzed content. I like to keep things easy and simple for my viewers.
Now, let's get straight to the chart.
I know you guys might be a little confused with the recent price action and must be wondering whether it's a bounce or a correction.
Well, to answer all your questions, let's look at the chart and find the closes possibilities.
BTC once again dropped to our 1st support level and currently bouncing back. A continuous bounce in the next 24 hours will possibly push the price to $65k but the 21 MA could be a problem for BTC. If BTC surpasses the 21 MA which is at the $62k level then $65k will be the next move.
Talking about the MAs, the 21 MA and the 50 MA is close enough to make a bearish crossover and if at all BTC is getting bearish, first, it must break the $59500 support level. If it breaks down below $59500 then $57k will be the next support and then followed by $53700 to $54000.
We definitely need to keep an eye on the 21 MA in 8 hours TF and also the $59500 support level.
We might see some corrections soon or this might be the correction, in both cases, I am bullish and taking this correction as an opportunity to accumulate more BTC.
Well, that’s all from my end. If you have any queries or doubts then do comment me on the comment box.
What do you think about the current BTC price move?
Do you think a correction is still pending?
If BTC drops, how far will it drop?
If BTC pumps, how high it will rise?
Do hit the like button and share your views.
Every single likes and comment are highly appreciated and it motivates me to post more quality updates.
See you guys soon with a new update.
Welcome to this another important update on BTC price in 8 hours timeframe.
First of all, thank you everyone for being so supportive. I feel honored to help you guys with my charts and quality content.
In this Tradingview platform, I provide 100% original and thoroughly analyzed content. I like to keep things easy and simple for my viewers.
Now, let's get straight to the chart.
I know you guys might be a little confused with the recent price action and must be wondering whether it's a bounce or a correction.
Well, to answer all your questions, let's look at the chart and find the closes possibilities.
BTC once again dropped to our 1st support level and currently bouncing back. A continuous bounce in the next 24 hours will possibly push the price to $65k but the 21 MA could be a problem for BTC. If BTC surpasses the 21 MA which is at the $62k level then $65k will be the next move.
Talking about the MAs, the 21 MA and the 50 MA is close enough to make a bearish crossover and if at all BTC is getting bearish, first, it must break the $59500 support level. If it breaks down below $59500 then $57k will be the next support and then followed by $53700 to $54000.
We definitely need to keep an eye on the 21 MA in 8 hours TF and also the $59500 support level.
We might see some corrections soon or this might be the correction, in both cases, I am bullish and taking this correction as an opportunity to accumulate more BTC.
Well, that’s all from my end. If you have any queries or doubts then do comment me on the comment box.
What do you think about the current BTC price move?
Do you think a correction is still pending?
If BTC drops, how far will it drop?
If BTC pumps, how high it will rise?
Do hit the like button and share your views.
Every single likes and comment are highly appreciated and it motivates me to post more quality updates.
See you guys soon with a new update.
