Description
According to the analysis of indicators and re-examination of the Bitcoin chart, the range of $ 37,000 and perhaps a little lower is the most important and valid market limits to continue the positive trend, and it can be said that the analysis of all 3 indicators confirms the uptrend after hitting this support.
A very important point in the analysis of both #USDT_D and #TOTAL indices is the impact of Tetram dominance on the long-term ceiling and the incompleteness of the uptrend wave. Give.
Given the limits specified for the ceiling and floor of both indices and assuming that the share of bitcoin (dominance) in the market volume is constant and also assuming that the Tetris dominance index will not exceed its long-term ceiling, and also assuming completion The downward volume of the volume index and the calculation of both the current price of bitcoin can be concluded as follows:
The price of Bitcoin will probably see its real price floor around $ 36,000 to $ 37,000.
As previously announced, in any scenario, the price of Bitcoin should return to $ 44,700 at least once, or at least see numbers above $ 40,750, and mark the new trend following the completion of this wave.
The results of today's indicators also confirm the predicted uptrend, and the only difference with the previous analysis is that the market is likely to rise for a relatively long period.
According to the content provided during the last two days, the most important range for the market is the range of $ 37,000 and the total loss of the market penetration of bitcoin prices is below $ 36,000.
Good luck
4/28/2022