#BTCUSDT Do not panic! This is what we needed.

3 mar 2022

Welcome to this quick analysis of BITCOIN
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Explained in the most simplified manner.
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Now, let’s get to the chart.
In my last chart, I mentioned that we need a retest of the 42K level. I see that happening now.
There's nothing to panic about here. We needed this healthy retracement.
The chart shows the possibility of a new rally towards the 46K level and even further.
Only a break below the 38k level will invalidate this chart.

CRYPTO AS A SAVIOUR:- As you can see even the Ukrainian government is asking for donations in Crypto! This is very positive for the whole crypto community and its future. It shows how the financial system is failing during times of crisis and Crypto is helping the people from the streets to the presidential table.
I just wish things get better and this war gets over soon. All we need is peace and harmony.

The best levels to buy BTC are $40200 to $42400.

Upper resistance levels are 45k to 47k level.


CONCLUSION:- BTC needed a retracement and it's happening now. nothing to panic about here and try to DCA if you are buying BTC.

Am just sharing my ideas here and this is not financial advice.

What do you think of this chart?
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Thank you

#PEACE