After a week, it looks a bit better on the bitcoin market again, and what we predicted in the last analysis has really come true. The bulls guarded important support at 10k and bitcoin finally reached 11K. Although the fighting is still ongoing and the bears sent BTC below 11K, there is one strong factor that can cause a price increase.
These growth factors are depicted by the latest news and responses to bitcoin, of which there are more and more recently.
I have learned something in the cryptocurrency market over the years and the current situation may soon cause a bitcoin rally, because when good news accumulates continuously, BTC goes to the side and also accumulates, it can only mean one direction = up.
Technical analysis:
Important Support at $ 10K
RSI Neutral
Current Resistance at $ 11.3K
Strong Resistance at $ 12K
These growth factors are depicted by the latest news and responses to bitcoin, of which there are more and more recently.
I have learned something in the cryptocurrency market over the years and the current situation may soon cause a bitcoin rally, because when good news accumulates continuously, BTC goes to the side and also accumulates, it can only mean one direction = up.
Technical analysis:
Important Support at $ 10K
RSI Neutral
Current Resistance at $ 11.3K
Strong Resistance at $ 12K
