Skip to main content

Can Btc reach $65K ?

Oct 14 #Bitcoin: BTC price is moving in a range $53k-58k. We saw cup and handle pattern breakout at $53k on oct 6 and BTC is trading above this zone from last 8 days.

After $53k breakout BTC formed new trend and indicate that it can jump hard in next 3 month. Last 5 month chart also indicate that whales accumulate BTC from retail traders.  In last 7 days btc formed a upward channel and breakout above 58k will push price towards 60k-65k in quick time. $53k is work as strong support and indicate that  trader like to buy this zone.

As per past trends and chart formation , BTC can pump hard with high volatility in coming months.

In last 5 month BTC digest all fud including Big China BAN and trading above 5 month high.  We can see that BTC bullish for next 3 month as per trend and bulls will not loose control in this quarter.

Comments

Popular posts from this blog

Bitcoin cross $50000 resistance!! Will it able to make it support??

Aug 23, #Bitcoin:BTC price move beautifully in bullish channel. In 4hr btc is making bullish Higher high and higher low pattern. Nothing wrong in chart. MACD also showing bullish as shared yesterday chart. Today BTC jump towards 50000+. Monthly expiry on Aug 27 and we can see high volatility. Monthly closing above 50k+ will be open gate for 65k and 100k. If you are trader than trade the range. If you are investors than ignore volatility.

Crypto vs Other Assets. Which is Better?

  Money-making is an art. and, as an artist, you need to find the perfect skill to create wealth.  As an  investor in 2021, your first step towards putting money in a specific financial instrument should be driven by research. Investment Assets in 2021: How to Pick the Perfect Asset Class Every financial investment has a simple objective. That is, to make money. How the instrument goes about achieving this objective is an entirely subjective attribute!  Other asset classes in India include commodities, properties, cash, and bonds. By now, you must be aware of how asset classes are defined, and at this point, it is appropriate to address the elephant in the room, i.e., the cryptocurrency. Is Crypto a Reliable Investment Asset? Most certainly, as the crypto-space is loaded with possibilities when investment opportunities are concerned! While the high volatility makes it a   questionable for short-term trading.           ...

Ethereum Rally?

Oct 14: ETH: As shared last time, ETH is forming bullish head and shoulder and breakout $3700 will push price towards $4000-$4400 in coming days.  But this jump seems can be due to BTC. If BTC pump we will see same impact on ETH too in USDT pair. But Eth-BTC pair also indicate that eth growth rate will be slow than BTC if BTC pump hard.  But same time don't forget market psychology that eth pump hard once BTC stable at higher price.                                                        Be careful with Low/mid cap alts too if BTC pump hard. We all know that ALTS struggle if BTC pump hard in short term. But Pump in BTC always good for market and all mid/low cap coin jump hard once BTC stable. Must Apply Money/Portfolio management if you are alts trader. Dont sell them in big loss. Alts can try your patience ...