Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
Two days back, I shared about the Bitcoin price movement, and here we are again analyzing the market situation for Bitcoin to understand whether we are good to go for the next few days.
Right now, Bitcoin is trading at $90,500, and that is a good thing for us because the last time we wrote the blog, it was testing the support at $89,500 USD. From there, it was able to bounce back, which means it respected the support, and that is a good sign, exactly as I talked about in that blog.
From that level, Bitcoin gave a move of around 2.75%, and now we are again resting on a major support for Bitcoin at $90,400 USD, as you can see in the screenshot below.
Now, it might not look very clear, so let us zoom into the chart to understand the current position of the Bitcoin price. I am also going to share the possible move that can be captured if the daily closing happens above this support.
In the screenshot below, you can see the zoomed-in chart, and there you can clearly see that a move of around 3.3% is possible only if the daily closing occurs above the given support line, which is between $90,400 and $90,500 USD.
I think Bitcoin is slowly coming out of the zone where it was trading below $90K, and that is a good thing. The more time it takes to move back above $100K or $110K, the better it is, because the market will respect the levels accordingly. Time spent at a particular price level is very important.
In the screenshot below, let us once again look at the complete chart, which has been my reference since I started writing blogs in this bull cycle, from the time Bitcoin broke a major resistance and entered the bullish phase, trading above $70,000 to $75,000.
The red arrow in the screenshot is pointing towards a support level which I believe is the major and most important support. Once this support is lost, Bitcoin could start moving back into a bear cycle.
So, that is my analysis and my opinion. Everyone can have a different opinion or a different analysis. I am not a professional trader or analyst, but with the little knowledge I have, I believe this analysis makes sense, and that is what I wanted to share with all of you.
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
In the screenshot below you can see my terracore base attacks and I forgot to take the base screenshot but there I had close to 100 scraps mined which has happened for the first time. But you can see the attack results below that are not so good but that is how it is for our terracore base.
Below you can see my golem overlord base claim made after using around half of the total attacks in our base. WE made some good shard stealing today and that too after losing few shards at the end of our attack compilation. As usual also bought golems and XPs for base.
That is all I did in Golem and terracore base today.
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
