CryptoPatel

Bitcoin Best Price Analysis Chart And Bottom Analysis Also

Long
INDEX:BTCUSD   Bitcoin
#Bitcoin Technical Long View :-

$BTC currently trading at $21000
And Went down to $20,000

As per chart 200 Days Moving Average is around $22358

As per Previous History 200 Days Moving average in Monthly chart is Very Important.

$BTC never Trade below in Line Chart.
Currently trading below 200 Days Moving Average.

So There are Two Scenarios:-

1st:- Price may Strong Bounce from here toward $28000 below 200 Days Strong support and Weekly RSI almost Oversold.
So $20k-21k is also Good Entry If Hold $20k Level.

And

2nd Scenario:- If Price Go below Side then $12200 is also Strong support so 2nd Entry will be around $12000

If Price Bounce then :- $21,000 -> $28000 -> $12200

But Not sure about Entry 2 but if dip then don’t miss to Buy huge here.

Now Every Big Dip mean Buying Opportunities for Long Run.

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