From a famous line of Hanamichi Sakuragi in Slamdunk “the one who controls the rebound, controls the game” is what bitcoin is doing.
Rebound king Bitcoin in unstoppable
Bitcoin made the most out of its gains in terms of market pricing having been catalyzed by Venmo.
TradingView showed BTC/USD ricocheted to US$56,000 during Tuesday trading. Not so long after the bitcoin being hit by a striking lows of US$53,300.
From the Image by TradingView account scrappypitsay with tags such as Trend analysis, fundamental analysis, btcusd, btc, dontfearbitcion, etc., it’s seen on the D1 chart of BTCUSD that there is a clear halt on the drop and a bull run will continue.
TradingView account scrappypitsay said : “In the D1 chart of BTCUSD , there is a strong support in bitcoin that has been formed at the price of $51.2k-ish. Thus, leaving the bigger picture a very good spot for rebound. This price channel will likely be having a breakout.”
In addition, “It’ll surely destroy another ceiling as $65k isn’t that much of a ceiling. Bear’s will have a longer fasting as bulls take charge. Unless otherwise a diet arises on the bull and the bears will roar.”
Lastly, “Having such analysis only gives us an idea that a $150k btc price is just a mere understatement in this tech era.”
With volatility on the loose, the btcusd is having a room to rise above the US$52,000. Thus, a strong support level and the seabed is seen during last Sunday’s tidal wave from the all-time high price.
RSI indicates BTC bulls to stand still
In bitcoin, traders were foreseeing one indicator as a means of signal in both strong support at US$52,000 and that this week’s foundation would be deemed recovered definitively.
Thus, a continuation of its pace is more likely to happen. Leaving those who are weak in hearts more pain as they will be weeping in tears for not standing still.
As it gathers a revving action in regaining it’s bull territory. Buying a hype is still considered as a good opportunity, this is due to the fact that the bull market has just started its pace.
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