It has been a long time that I did not share my thought about BTC assets analysis. Bitcoin rally was very massive from low 39000 up to 67,000 high which was a new ATH in BTC. This is the biggest news on the globe.
Currently, Bitcoin is showing the pullback at the time of writing with the price of 60,000 USDT. Let's see if BTC is going to show us what I am going to share with you today.
The red bold line is our Strong Support Level(SSL) at 50k around and the Gold horizontal line is our Support Level at 56k. We have our Strong Resistance(SRL) level at 67000 to be broken. I retraced the Higher Low(blue line) two days ago to support the market. It has been broken out on October 22rd, 2021. At the time of writing, BTC's volume is slowing down to 2% in the past 24h with a market cap of 1.1Trillion. The expected reversal pattern to Push BTC up would be starting soon as the Bullish Market round 2 has been confirmed and I was expected in my previous post. Now we are waiting for the Stochastic RSI will touch the oversold zone. Probably, BTC's next ATH will be up to 74,000-83,000 USDT(Green horizontal line). But lets it show us the best place to enter the market again.
That is my own analysis of Bitcoin (BTC) assets. I am not your financial advisor instead I provide educational posts and informative articles. Your thought is very welcome in the comment below.
Tell me what you think.