6400$ OR 18000$ (Halving Event) But After Halving Long Term 50k$
The moment crypto traders have been waiting for is finally here. Only 3 days left for Bitcoin's Halving No3. Currently, BTCUSD Holding critical level resistance 10,000$ If 10,200$ break then next resistance 13,100$. Keep in mind long term trend was broken and we are under trend line resistance. so that point could break and go 18k or back to 6400$ if price back to 6400$ then next bull run towards 50,000$
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Open interest (OI) in bitcoin (BTC) options surpassed USD 1 billion ahead of the halving, with an exponential increase seen across all major marketplaces over the past week. Meanwhile, the bitcoin put-to-call ratio is also on the move, revealing some bearishness in the market. Although not unusual during bull runs in the spot market, the rising interest in bitcoin options may suggest that some large holders are seeking to protect themselves against an uncertain outcome of the halving, which is now just days away.
Technical analysis: BTC has been trading upwards. As we expected yesterday, the price tested the next resistance at the price of $10,000. This is a decision level for the BTC and you should watch carefully the price action around it.
🛑SUPPORT/RESISTANCE
✅S1= 7400$
✅S2=5800$
✴️R1=10200$
✴️R2=15000$
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant and support me
Open interest (OI) in bitcoin (BTC) options surpassed USD 1 billion ahead of the halving, with an exponential increase seen across all major marketplaces over the past week. Meanwhile, the bitcoin put-to-call ratio is also on the move, revealing some bearishness in the market. Although not unusual during bull runs in the spot market, the rising interest in bitcoin options may suggest that some large holders are seeking to protect themselves against an uncertain outcome of the halving, which is now just days away.
Technical analysis: BTC has been trading upwards. As we expected yesterday, the price tested the next resistance at the price of $10,000. This is a decision level for the BTC and you should watch carefully the price action around it.
🛑SUPPORT/RESISTANCE
✅S1= 7400$
✅S2=5800$
✴️R1=10200$
✴️R2=15000$
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
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