BITCOIN PRICE ANALYSIS PRICE PREDICTION
Greetings to all from @nuk2
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BTC PRICE GOING TO BREAK DOWN AT 26K
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Date & time at Analysis : July 25-2023 07:19:14 GMT ZONE.
Bitcoin’s price expected big drop will accur
Bitcoin price has breaking its weekly Bearish Breaker at $29,247.
[Image from] BITGET EXCHANGE
BTC-USDT 1D graph | 25-2023 07:19:14 GMT ZONE.
Due to a conservative standpoint, Buyers can expect a short-term pullback to $27,947. But a better buying opportunity would be at the revisiting $25,000 psychological level.
At this level is key and necessary to be defended by bulls at all costs. A bounce from this foothold would be critical in continuing the 2023 bullrun.
The continuity of the ongoing rally would push Bitcoin price to retest the Bearish Breaker’s midpoint at $35,260.
Depending on expectations over the Bitcoin price could stop at $35,260 or hit at the $40,000 hurdle. If the rare scenario in which the retail hype catches traction, Bitcoin could retest the $50k psychological level.
In this case, Bitcoin would invalidate the Bearish Breaker set-up and would signal that the bulls are ready to tackle the all the time highest at $69,000 and potentially reach for fresh highs.
In the bullish outlook for BTC price is possible, a breakdown of the $25k psychological level would indicate a bulls fail to reach, as it will create a lower low point. In such a case, BTC could slide down to the $21,313 support level.
If a dire scenario occur , Bitcoin price could even nosedive to $17k lower level.
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Thanks for reading
Regards
Nuk
Regards
Nuk
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Hello @nuk2 ,
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Thanks for info.@moyeon
Hmm am not really into Bitcoin but I pray it shouldn't come down but rise instead. Nice post, keep it up bro.
Please mentioning the community leaders in your post isn't necessary, stop doing that all the time.
I know that not necessary but nor the wrong to say greetings every day.its our community and i say pray for everyone for everyday.
Have a good day.