Hi hive friends.
Hopefully all of you are fine. The way we have been seeing the market for the past few days is that we are constantly seeing it going down but not going below 25800 which is a good thing due to which we have seen a little pump in the market today. and it has come to 26 thousand 900 and at that time it has not come down again, it is standing above 26 thousand five hundred and six hundred.
If it closes above 26,800 on its current candle, we will see it move to 27,200 within the day. As we all know that as it is approaching and this month is going to be more special this time because China has entered the market and this is not small news but very good and big news. As we all know that the people of China and the government of China are both very wise and they have seen that the market has come down so you have told people that you start coming in.
We didn't see any significant increase in it the way we have seen the rest of the market which is not going up at all only this time the bit didn't go up at all it only went up for a second. Yes, if it moves above today's closing of 36, then we can see a good pump in it over the next couple of days.
If we look at its 24-hour chart, it has been standing above thirty-four cents for the last two days and it is very good that it is not going below it. They'll start putting money into it and we'll see, so we'll see it go up. Right now the market conditions are looking a little bit higher as it has come to a halt immediately after the pump.
So I mentioned in my post yesterday that we're going to see it go down to 104 because people were so scared and they were pulling all their money out of the market and that's exactly what happened when people have seen that no one is coming down now, then they have started putting some of their money into it, due to which we have seen a slight decrease in its value.
The way the people are seeing the chart as it is, we are seeing it standing at the same place, neither increasing nor decreasing, most of the people still do not understand. Whatever they do, they deposit some money and then withdraw it again.
