BTC.USDT
The price has been moving in an upward channel for about a few months
Each time it tests the canal roof, the sellers sell for a while and lower the price
At the end of the channel, every time the price goes down, the buyers of the company buy and do not let the price go down. The current state of bitcoin is very sensitive. In March, we will see an increase in interest rates. Russia needs to buy bitcoins to circumvent sanctions, which could be a good scenario for price growth. On the other hand, raising interest rates by the Federal Reserve will reduce liquidity and money outflows
In general, according to the above scenarios, the possibility of bitcoin growth is much higher than its decline
1(DXY)The dollar index has been moving in an upward trend from 2011 to 2021. Finally, this upward trend has ended and in the past few months, we have witnessed the failure of the channel floor and its stabilization.
Price after channel failure always likes to test it
The price is running out of pullback, which can be expected to continue to fall in the coming weeks
2(BTC.D)
In 2021, Bitcoin dominance fell sharply after completing the head and shulders pattern, which was the beginning of the alt season for altcoins. After completing the pattern, we will see the next season
3(USDT.D)
The price has been moving in the form of support and resistance for about a year. Every time we tested the channel ceiling, we saw its fall and the beginning of bitcoin growth, and every time it tested the channel floor, we saw the price rise and fall of bitcoin. We expect the price to enter the correction phase in the coming months to the bottom of its support
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Each time it tests the canal roof, the sellers sell for a while and lower the price
At the end of the channel, every time the price goes down, the buyers of the company buy and do not let the price go down. The current state of bitcoin is very sensitive. In March, we will see an increase in interest rates. Russia needs to buy bitcoins to circumvent sanctions, which could be a good scenario for price growth. On the other hand, raising interest rates by the Federal Reserve will reduce liquidity and money outflows
In general, according to the above scenarios, the possibility of bitcoin growth is much higher than its decline
1(DXY)The dollar index has been moving in an upward trend from 2011 to 2021. Finally, this upward trend has ended and in the past few months, we have witnessed the failure of the channel floor and its stabilization.
Price after channel failure always likes to test it
The price is running out of pullback, which can be expected to continue to fall in the coming weeks
2(BTC.D)
In 2021, Bitcoin dominance fell sharply after completing the head and shulders pattern, which was the beginning of the alt season for altcoins. After completing the pattern, we will see the next season
3(USDT.D)
The price has been moving in the form of support and resistance for about a year. Every time we tested the channel ceiling, we saw its fall and the beginning of bitcoin growth, and every time it tested the channel floor, we saw the price rise and fall of bitcoin. We expect the price to enter the correction phase in the coming months to the bottom of its support
PLEASE LIKE AND FOLLOW
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