Hello everyone, How are you all? I hope everyone is fine and doing great in their life.
The market after going through a historical downfall is trying its best to stable and so we are going to look at the levels for bitcoin once again to understand what is the current market situation telling us about the future movements. For that I am again going to use my chart as you can see below.
There are all the resistances and support trendline drawn there and right now we are trading above the final support once again. It is still a crucial support for bitcoin and that is why we should hold this.
Lets take a zoomed version of the chart in the screenshot below. You can see that the crucial support is going to be tested soon. I think we are going to hold this and see a rejection from that support before the day closing. The monthly closing is still far away so we can ignore that for now.
Let us take a worst case scenario and think about what will happen if Bitcoin falls below the last crucial support for me. There is another support at 106-107k and this is actually the death zone for the market. You can see those levels below indicated with the blue trendline.
We should not lose that support at any cost or the market will get wrecked and I don't think there will be a scope of recovery for the market very soon after that happens. Lets hope that those levels will be confirmed and we are going to see a massive rally again.
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
From my terracore base you can see the attacks executed by me in the screenshot above. I did my best and won the 584 scraps today but with 6 attacks so I am not so happy about the results but anyways. I am not sharing anything else today as I am not playing other games.
Maybe tomorrow or later I will share from other games!
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
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