Hello everyone,
How are you all? I hope everyone is fine and doing well in their life.
In todays blog we will have a look at the current market situation so that we can understand what might happen in coming weeks or month with the market. At this moment people have lost their hopes and in fact most of us might even have given up on the market. But in the end the people who are with the market are rewarded.
The above screenshot contains all our recent analysis history in the form of trendlines which were tested and reclaimed successfully. Still before we move ahead with the blog I must say that always do your own research and take your decision.
The two lines at the bottom were predicted based on the historical data where bitcoin have tested it's price and the lower line worked as the liquidity wick for bitcoin where we saw the last liquidation for the future traders after which the above resistance was easily broken where in then bitcoin started to move towards it diagonal resistance trendline which was being tested for last 3 months of time. Also the straight line you see at the top is the support line which was being broken after 3 months and 10 days of time after which we saw the downfall in the price to as low as 74k USD.
Now above you can see the diagonal resistance which was broken recently and not only that it was also tested and it successfully confirmed the support for the same trendline which is really positive for the price movement of bitcoin.
I think that the ultimate bloodbath is already over and with bitcoin showing us such positive moves we might see the market getting back to where it was very very soon. Also we should not forget that the tariff pass for 90 days is also a green signal for the market and I will not hesitate to say that we might get a chance to exit the market partially during these 90 days time frame after which we might see the tariff war again.
What are your thoughts about the current market situation? Are you still holding on to your bags or you are among those who gave up on their portfolio. I am still holding the bags even though with I have never faced such losses before. I just know one rule and that is the survival and the rewarding feature of the market which is only for the people who stick with it.
Thank You