Bitcoin continues correction and hits value zone at around $45K. When Elon Musk mentioned price expensive, I knew he is going to buy more Bitcoin when it dips.
Technical Analysis
Bitcoins opens at $52K and goes down to around $45K and stable around $46K ~ $48K. The average transaction fee is $25.26 which is 4.04% increase from 02-22-21. As I mentioned yesterday, Bitcoin retreat around $47K after touch $50K. If it stables around $46K ~ $48K, the next target is stable at $58K and hit $60K. I think the correction at this level will continue. My calculation on its value is $43.3K. You can reference my method here. Despite the correction, transaction fee is very expensive. There are people continue accumulating Bitcoin!
I remain my floor price to $40K indicates the strong support and remain the ceiling price at $50K.
Bitcoin volatility is moving more volatile in yesterday. The market has reacted peak value at $58.6K but retreated to $48K which means the Bitcoin prepares for next milestone $60K soon if continue stabling around $58K.
Bitcoin decreases its correlation for Dollar that it becomes a neutral position 👁️. The price may fluctuate more in the coming day with price toward mid-level. There may have higher risks in the coming day as the greed level still high!
Bitcoin Value = $40k ~ $50k and my position is Long.
Here are some highlights to support my analysis:
Here is the road map for today:
Most Bullish News 📈
It indicates that Bitcoin may continue raising price after correction.
Most Bearish News 📉
It indicates that Bitcoin may face correction later with exceed supply.
-------------------------------------------------------------------------------------
Here are summary of general forecast of this week of economy and market:
Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
------------------------------------------------------------------------------------
You can follow me here:
📩 Publish0x and join here 💡
📩 Floyx
📩 Hive Blog
📩 Trybe and join here 💡
📩 Steemit
📩 Read.cash
📩 Noise.cash
📩 Leo Finance
📩 Torum clan and join here 💡
📩 Uptrennd
📩 Markethive
📩 Den
📩 Lbry.tv
-------------------------------------------------------------------------------------
Passive income invitation:
💸 Honeygain
💸 PacketStream
💸 Blade Adbank and code 💡
Check here for details
-------------------------------------------------------------------------------------
Mobile mining:
📲 Pi Coin
📲 Bee Coin
📲 Midoin
📲 Initiative Q
All invitation code to use: xuanling11
Check here for details
-------------------------------------------------------------------------------------
You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21📈
Bitcoin Technical Analysis 01-08-21📈
Bitcoin Technical Analysis 01-09-21📉
Bitcoin Technical Analysis 01-10-21📉
Bitcoin Technical Analysis 01-11-21📉
Bitcoin Technical Analysis 01-12-21📈
Bitcoin Technical Analysis 01-13-21📉
Bitcoin Technical Analysis 01-14-21📈
Bitcoin Technical Analysis 01-15-21📉
Bitcoin Technical Analysis 01-16-21📉
Bitcoin Technical Analysis 01-17-21📉
Bitcoin Technical Analysis 01-18-21📈
Bitcoin Technical Analysis 01-19-21📈
Bitcoin Technical Analysis 01-20-21📉
Bitcoin Technical Analysis 01-21-21📉
Bitcoin Technical Analysis 01-22-21📈
Bitcoin Technical Analysis 01-23-21📉
Bitcoin Technical Analysis 01-24-21📉
Bitcoin Technical Analysis 01-25-21📈
Bitcoin Technical Analysis 01-26-21📉
Bitcoin Technical Analysis 01-27-21📉
Bitcoin Technical Analysis 01-28-21📈
Bitcoin Technical Analysis 01-29-21📈
Bitcoin Technical Analysis 01-30-21📉
Bitcoin Technical Analysis 01-31-21📉
Bitcoin Technical Analysis 02-01-21📈
Bitcoin Technical Analysis 02-02-21📈
Bitcoin Technical Analysis 02-03-21📈
Bitcoin Technical Analysis 02-04-21📉
Bitcoin Technical Analysis 02-05-21📈
Bitcoin Technical Analysis 02-06-21📉
Bitcoin Technical Analysis 02-07-21📈
Bitcoin Technical Analysis 02-08-21📈
Bitcoin Technical Analysis 02-09-21📉
Bitcoin Technical Analysis 02-10-21📉
Bitcoin Technical Analysis 02-11-21📈
Bitcoin Technical Analysis 02-12-21📈
Bitcoin Technical Analysis 02-13-21📈
Bitcoin Technical Analysis 02-14-21📈
Bitcoin Technical Analysis 02-15-21📈
Bitcoin Technical Analysis 02-16-21📈
Bitcoin Technical Analysis 02-17-21📈
Bitcoin Technical Analysis 02-18-21📈
Bitcoin Technical Analysis 02-19-21📈
Bitcoin Technical Analysis 02-20-21📈
Bitcoin Technical Analysis 02-21-21📉
Bitcoin Technical Analysis 02-22-21📉
You can reference my Bitcoin methodology here and here.
-------------------------------------------------------------------------------------
You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21📈
Ethereum Technical Analysis 01-08-21📉
Ethereum Technical Analysis 01-09-21📈
Ethereum Technical Analysis 01-10-21📉
Ethereum Technical Analysis 01-11-21📉
Ethereum Technical Analysis 01-12-21📈
Ethereum Technical Analysis 01-13-21📉
Ethereum Technical Analysis 01-14-21📈
Ethereum Technical Analysis 01-15-21📉
Ethereum Technical Analysis 01-16-21📈
Ethereum Technical Analysis 01-17-21📉
Ethereum Technical Analysis 01-18-21📈
Ethereum Technical Analysis 01-19-21📈
Ethereum Technical Analysis 01-20-21📉
Ethereum Technical Analysis 01-21-21📉
Ethereum Technical Analysis 01-22-21📈
Ethereum Technical Analysis 01-23-21📈
Ethereum Technical Analysis 01-24-21📈
Ethereum Technical Analysis 01-25-21📈
Ethereum Technical Analysis 01-26-21📉
Ethereum Technical Analysis 01-27-21📉
Ethereum Technical Analysis 01-28-21📈
Ethereum Technical Analysis 01-29-21📈
Ethereum Technical Analysis 01-30-21📈
Ethereum Technical Analysis 01-31-21📉
Ethereum Technical Analysis 02-01-21📈
Ethereum Technical Analysis 02-02-21📈
Ethereum Technical Analysis 02-03-21📈
Ethereum Technical Analysis 02-04-21📉
Ethereum Technical Analysis 02-05-21📈
Ethereum Technical Analysis 02-07-21📈
Ethereum Technical Analysis 02-08-21📈
Ethereum Technical Analysis 02-09-21📉
Ethereum Technical Analysis 02-10-21📉
Ethereum Technical Analysis 02-11-21📈
Ethereum Technical Analysis 02-12-21📈
Ethereum Technical Analysis 02-13-21📈
Ethereum Technical Analysis 02-14-21📈
Ethereum Technical Analysis 02-15-21📉
Ethereum Technical Analysis 02-16-21📈
Ethereum Technical Analysis 02-17-21📈
Ethereum Technical Analysis 02-18-21📈
Ethereum Technical Analysis 02-19-21📈
Ethereum Technical Analysis 02-20-21📈
Ethereum Technical Analysis 02-21-21📉
Ethereum Technical Analysis 02-22-21📉
-------------------------------------------------------------------------------------
You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21📈
Doge Analysis 01-01-21📈
Doge Analysis 01-02-21📈
Doge Analysis 01-11-21📉
Doge Analysis 01-28-21📈
Doge Analysis 02-04-21📈
Doge Analysis 02-07-21📈
-------------------------------------------------------------------------------------
You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21🔥🔥
-------------------------------------------------------------------------------------
Risk forecast guideline:
Risk Averse means you can use as defense 🛡️
Risk Seeking means you can use as offense ⚔️
Risk Neutral means no decision made and continue seeking opportunities 👁️
-------------------------------------------------------------------------------------
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.
