I am not one to do bitcoin analysis, but I keep myself very informed with the articles, this one from cointelegraph seems very good to me, it has some things that make me recognize that what I have said is correct or that my market assumptions are correct:
If bears sink the price below the immediate support at $28,861, the BTC/USDT pair may start a downward move to $27,500 and then to $26,000. Such a move will suggest that the pair may extend its stay inside the $24,800 to $31,000 zone for some time.
The important level to watch on the upside is the 20-day EMA. If this resistance is scaled, the pair may rise toward $31,000. The bears are likely to face an acid test in the $31,000 to $32,400 region.
original Source:
https://cointelegraph.com/news/price-analysis-7-29-btc-eth-xrp-bnb-ada-sol-doge-matic-ltc-dotI have looked for the meaning of the EMA and the technical indicators , it can help a lot with respect to the volume, and it is concluded that the movements of bitcoin may be more in favor of going up than going down, I have seen that, the previous weeks the price of bitcoin is down , but by panic action.
The movements of the USA and the FED have not been able to Lower the spirits of investors, but I want to see large investors buy bitcoin, those who are institutions, microstrategy, at this time they should demonstrate if they want to win.
and here is something that fills me with a lot of hope, before the Halving a good high is something that would not go wrong:
Bitcoin Bulls, Rejoice: BlackRock Foresees a 521% Surge Pre-Halving
Aligning with Bitcoin EnthusiastsFundstrat’s hopeful prognosis matches with other influential opinions in the cryptocurrency sphere. Prominent voices, such as Standard Chartered bank, Bitcoin proponent Michael Saylor, and Ark Invest’s Cathie Wood, also anticipate substantial growth for Bitcoin in the upcoming years
original source:
https://www.ethnews.com/bitcoin-bulls-rejoice-blackrock-foresees-a-521-surge-pre-halving/And this is not all because Fundstra predicts that bitcoin can reach 180 K dollars , something that would leave everyone with their mouths wide open.
My hopes are high, sometimes it's hard to get excited about something like this, but it's worth it , I know you have to be realistic , but these things can happen here.
Of all these predictions, what I don't want to see is Bitcoin falling below 25k dollars, actually last night I had an ugly dream, that bitcoin was going to drop to 2500 dollars, but that was just
a very ugly nightmare.
Poll
