Bitcoin as I said earlier in my previous post here where will bitcoin go. I said there are two possibilities about bitcoin, there I said bitcoin will go to 44k and go down to 27k. So it turns out that bitcoin is now going to 40k and will try to touch the 44k zone and usually in my experience in supply and demand price will touch the 44k zone.
Am I there now?
No I haven't bought bitcoins. As I said in my previous post, I will buy bitcoin if the price breaks the 44k zone.
Is it after the price touches the 44k zone will the price pull back to the 32k price?
Maybe that can happen because I see the 44k zone is strong enough to hold the price or I can say many will sell in the 44k zone. So to find a price reversal after touching the 44k zone, we only need to look at reversal patterns such as head and shoulder patterns, or the last break low. Examples like the image below:
This is my view on bitcoin, and using a supply and demand strategy. Feel free to share your views on bitcoin in the comments :)
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