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Bitcoin continues to drift sideways within the range between $35,000 and $45,000 levels respectively. The crypto is either consolidating within a bearish triangle or preparing to complete its counter trend rally towards $48,000-50,000 mark going forward. Bottomline remains the $33,000 interim lows and prices should remain higher to ensure further bullishness.
Bitcoin has dropped yet again to potential support zone around $38,500 on Friday and a bullish bounce can be expected here. If prices are able to hold above $34,500 levels, bulls would remain inclined to push through $50,000 mark in the next few trading sessions. A break above $46,000 will confirm the same.
Bitcoin is working on the downswing between $69,000 and $33,000 levels. The Fibonacci 0.618 retracement of the above drop is also seen around $55,000 mark. Hence probability remains high for a bearish turn if prices manage to reach there. Any push above the $61,000 mark will open doors to test $69,000 mark going forward.
Potential rally through $50,000 against $33,000
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
