Have you ever wondered and heard the question that keeps repeating and spreading among people: Has the bull run ended? Have we started in the bear market? The answer is in the explanation.
Look now, the price of Bitcoin has reached the highest candle on the chart, which is great.
Now it has dropped and broken the orange line, and I clarified to you in the picture what it means.
Okay, when you see the movement, what do you know? You know that the market is negative, and it will look for areas of retracement to rise. So where are the retracement areas now? They are in yellow, which is the 50 and 618 levels, the most important levels. I have clarified the chart for you very easily.
The price will drop to these areas to retrace and continue rising.
And if it doesn't retrace, what will happen? There will be no bull run, just goodbye, and then see where it will go, and the digital currencies will then be worth zero; the currencies will have no value if Bitcoin drops and no longer respects the area.
Because the currencies have reached the bottom, if Bitcoin drops, what usually happens is that there will be some digital currencies that will be 0.000.
From an analytical perspective,
From a news perspective,
I heard and followed the news that there is pressure on Bitcoin because they want to buy Bitcoin, and banks, institutions, and companies are coming in.
There are also funds prepared for some currencies, and they will be launched when God knows, but I know that there is a rise coming.
And I apologize for the delay; I am very busy.
Don't forget to follow me to know more information about me, and this is an effort from me, and good luck to everyone.
