What is best move of Bitcoin?

Bitcoin future or upcoming moves technical analysis with Shahid Nawaz

What's next move of Bitcoin?

 

If you look, the whole crypto market has been down for the last one or two month and bitcoin is the king of this crypto market. It is very important that if bitcoin goes up then the whole crypto market will go up and if bitcoin goes down then the whole crypto market will go down then let's start today's topic.

 

If you look at the 4h time frame, the support level of bitcoin was $31000 and now bitcoin is going up by testing this level, it will easily go up to $32300.

 

Note it: - I am talking about short time frame, which means 4H. If we look at its daily time frame, its support level was $ $29,700. And it has come up by testing this level only yesterday I mean 10-5-2020, it was a very strong level on daily time frame. Because on the 24th day of the first month of the same year it came to the same level and then after that bitcoin went to $45800.

 

This is an important support level. 

 

If we look at the weekly time frame and look at it, the support level between $28000 to $29000 which is a very important support level because if we look at the chart it came to the same level in the first month of last year. And then bitcoin went to $65000 and that is in just three months, you can estimate how important this level is? After that, if you look, bitcoin came back to the same level in the sixth month of last year and then from there bitcoin started going back up. And as Bitcoin went, Bitcoin reached the highest level in his history which is $69000. And this is the highest rate of bitcoin crossed in the eleventh month of last year, so this support level is very important.

 

So now Bitcoin came again to $29000 level or $28000. The bullish market started from yesterday from these levels. And we believe that Bitcoin will going up for this time to killed their highest and that is $69000, so we believe that Bitcoin hits $100000 we are clearly seeing this for this time.

Feeling bullish and this is the exact time to buy Bitcoin, that's the best time to invest in bitcoin.

 

If you buy bitcoin late you will lose, so of people asking what is the best time to buy bitcoin I can say them this the best time to buy Bitcoin and make a passive amount of money.

 

Some people entered in bitcoin in a bullish market and then bitcoin came down they are starting worrying and start thinking now what will happen?

 

Why bitcoin going down?

 

This is not a good business,

 

Why I am losing money?

 

So my answer is that for these people bitcoin is good, market is good, but your knowledge is not enough for understanding the cryptocurrency market and bitcoin.

 

Invest in the right time and out in the best time.

 

Hope you like the information.


Shahid Nawaz

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