What move are you expecting next on $BTC ? #MarketDownturn | crypto_with_faizan on Binance Square

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What move are you expecting next on $BTC ?
#MarketDownturn 

70000

35%

45000

65%

85 votes • Voting closed

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BTC

60,767.2

-3.57%

223

0

Replies 0

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Traget Archived with the Profit of 51.50%✅️ Signal Post On My telegram Group. $AXL #MarketDownturn

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Market Update by Crypto_with_Faizan Support $54,500 Resistance $57,000 Bitcoin Is Trading At Resistance Zone Of 57000$. Let’s Wait For The Next Move Of Bitcoin, Don’t Open Any New Positions Now Bitcoin dominance has broken the triangle pattern and is continuing its upward movement. As a result, altcoins are dumping and we may see further declines. There are no signs of weakness, so we can expect further upward movement in Bitcoin dominance. Make sure to set tight stop losses in all open trades. $BTC #MarketDownturn #BinanceTurns7

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Market Update By Crypto_with_Faizan The BTCUSDT chart now sees $52,000 as support and $60,000 as resistance. The RSI is around 40, indicating a slightly oversold condition, and the MACD is signaling a bullish crossover. Justice is being done in the skin, which sees strong market interest. The recent decline in fundamental news has been attributed to the Bank of Japan's interest rate hike and weak US economic data, which is likely to lead to a massive sell-off and a loss of more than $1 billion. Still, institutions like BlackRock and Mukhlis are fairing their bitcoin ETF holdings, which shows long-term confidence. Analysts expect Bitcoin to mirror the price action of March 2020, and if the Federal Reserve cuts interest rates, Bitcoin could rebound.! #MarketDownturn $BTC #BinanceTurns7

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Crypto Market Update By Crypto_with_Faizan Pakistan Time: 06:30 PM 1: Bitcoin support levels - $52,000 and $49,000 strong support (this means buyers here). 2: Bitcoin resistance - $55,600 and $58,500 strong resistance (this means if you want to sell here you will sell bitcoin). The market depends on Bitcoin, I have updated you - accordingly, you have to plan yourself and do it with your own funds. ———————————————————————————————— Analysis - BTC supports at $52,000 and $49,000. Resistance is at $55,600 and $58,500. Be careful while trading and manage your risk according to the mentioned support and resistance levels. The Bitcoin market is very volatile at the moment. Bitcoin fell 19 percent over the weekend due to a selloff in global financial markets, but was down 7 percent after a modest recovery on Monday. The downturn in the global market is due to the state of the US economy. . A weak jobs report and weak manufacturing data have delayed a rate cut by the Federal Reserve, sending panic into markets. It's a tough time for Bitcoin holders, but some experts are optimistic that the selloff is a stopover before future gains. Historical trends also suggest that the market may go into a bullish trend after a sharp decline. #MarketDownturn $BTC #BinanceTurns7

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Market Update Support 53,500 Resistance 56,000 Bitcoin quickly surged past the $50,000 mark, indicating strong buying pressure. However, it then experienced a rapid drop below $50,000, liquidating many trades. This correction was necessary to rebalance the market and clear out one-sided positions. The global markets are also displaying positive signs of recovery, which is likely to be reflected in the crypto market as well. #MarketDownturn $BTC

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