Prediction For Bitcoin

 

Prediction For Bitcoin




The cyrpto market has been unstable. People ask themselves if this is the right time to invest? before jumping into conclusion I think you should take a look at things first. BTC is the best cryptocurrency to make earnings due to the recent outbreak. Sometimes when we have that specific money that we want to invest in a particular thing, we always lose focus and then invest or spend the money wrongly. Investors who bought early are still in profit despite the recent price crash and they also earn by tradlng. I'm an investor and am winning by applying the same method in every trad e, you can also become a winner today. We should follow the way of earning more regardless of the current market (bulls or bears) which is tradlng.




- If we look at the chart we can see a high resistance between  42000 and 35000 usd , we can say that if the bitcoin broke this resistance is gonna be in a bull market again .

- But if we take a look at the BTC price movement 2 days ago we can see that this increase from 28800 to 32000 usd also shown in other altcoin like ETH And LTC And some stable altcoin .


- so it is a fake bull cause when bitcoin transforme to the bull market all other altcoin price goes stable .



- From $34000, Bitcoin price can target  $40000 in the next month  and the January high of $40000. If momentum is sustained, BTC should surpass the 38% Fibonacci retracement of the April correction at $42600 and test the 200-day SMA at $43000, completing a 38% gain of the current price.


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