bitcoin short term technical analysis
for seventh time support at 41200 rebound bitcoin price up , and that good sign for up trend recovery for short time , and need to break 46000 - 48000 and 53000 for strong up trend
Date 13-1-2022
Bitcoin technical analysis for short term
on 10-1-2022 , support at 39630 turn away the price for second time on weekly chart , first time was on 22-9-2021
and also also up trend on weekly chart ( yellow line in bellow image )was strong to turn away the price too
Now price expected to visit 46000 - 48000
But we could not consider that indicate for up trend till the price cross 53000 for days
if bitcoin price cross 40500, it will go down
we have these supports
S1 39300
S2 37900
S3 35000
buy shib 0.000035
stop 0.000028
target1 0.000046
target2 0.000055
now , if price go up and break 53400 and close above it , then will get 59000-60000 and will retest 53000 again
that mean new ATH expected at 80000 - 90000
otherwise the price will be change between 42000 and 53000
break 53400 and close above it ( may be up trend)
break 42000 and close bellow it ( may be more down trend )
stay out and dont enter any new trades till market indicate to reversal
wait bitcoin price at 39000 or 35000 $
so if the whales will repeat upove scenario , that mean
bitcoin will go up to 60000 , then will retest trend at about 55000 , then new ATH will be at 80000
Hi all
bitcoin behavior lead to downtrend ,so when break 39600 , price will go 35500 - 36000
bitcoin short term technical analysis
as bitcoin could not cross 40500 and close below it for one day , the price will recover to
46000 - 74300 - 48700
and at that time we will see if the price will go up or go down
Buy SLP 0.0186 usdt
Stop 0.015
Target 1 0.033 usdt
Target 2 0.054 usdt
In brief , reasons behind bitcoin down trend
1- Kazakh situation
2- Fed said rate hikes start in March and tapering has to be a bit more aggressive.
3- broke support at 45500
down trend still , so these supports of bitcoin and price may be visit these bellow supports
S1 42000
S2 39000
S3 35000
S4 29000
on 12 March 2020 , the same scenario happend ,
bitcoin sharply got down and striked stoploss of buyer , then got up trend and retest broken trend and trend up to 41000 , then 57000 , 69000
