Bitcoin Summary for BITTREX: BTCUSDT by EmilyProject – Technische Analyze – 2023-01-01 08:02:12

Happy New Year guys.
This is the bitcoin summary.
You can see in this graph bitcoin It came from the $300 area and also touched the $69,000 area, which was the most important resistance.
Some would call this pump a bubbler, which is not wrong.
But the price is now in a huge bear market, correcting to the 11k area.
As you can see in this chart (log scale), our strong support lower band is around the 11K area and the upper band is 14K.
The price may get stuck in this price range for a while and consolidate upwards again.
Although we can never be sure of this next pump until we actually get to that price range and see how the market reacts to it.
Many factors can influence the market, so we simply have to wait and see.
Starting in 2023, the price will drop to the support band. It may take up to two months for this to happen.

I wish you a Merry Christmas and a Happy New Year, fellow traders.
Let me know what you like bitcoin 2022 and 2023.
good luck!

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