BTC got stuck in TRADING RANGE ZONE
Greeting from IRAN to whole trading community 💙✔
BITCOIN started an uptrend since early 2021 , and managed to achieve new ATH in 14th April
But after that we witness a massive SELL-OFF in BITCOIN which affected whole market
Uptrend has broken and price dropped under 50K
Bitcoin dominant dropped under 50% as well that was the lowest spot since 2018
After that BULLS came back to the market and rose the price above its major resistance/support level 52K
At the moment price got stuck in a trading range zone (Yellow rectangle)
Breakout in each side (TOP or BOTTOM) could make us a great opportunity to long or short
Price lower than 52K ==> Short
Price upper than 58K ==> Long
Let see whats happen next , What's your opinion about BTC next movement BEARISH or BULLISH?
KEEP IT SIMPLE :)
BITCOIN started an uptrend since early 2021 , and managed to achieve new ATH in 14th April
But after that we witness a massive SELL-OFF in BITCOIN which affected whole market
Uptrend has broken and price dropped under 50K
Bitcoin dominant dropped under 50% as well that was the lowest spot since 2018
After that BULLS came back to the market and rose the price above its major resistance/support level 52K
At the moment price got stuck in a trading range zone (Yellow rectangle)
Breakout in each side (TOP or BOTTOM) could make us a great opportunity to long or short
Price lower than 52K ==> Short
Price upper than 58K ==> Long
Let see whats happen next , What's your opinion about BTC next movement BEARISH or BULLISH?
KEEP IT SIMPLE :)
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