127
It would be first technical analysis that i am going to share with you as i thought it to be important.
Without wasting time starting off with the slogan ' In Crypto No Analysis Comes True, Its People Or Consumers that give it the value. '
Bitcoin is suffering a major correction at the time.
After breaking supports of 48,000 and 43,300 the bitcoin is fearing more downfall. The immediate next support found is at about 38000 usd levels which to be true is a weak support as it was tested only once. More downfall may be expected if this support is broken. but if the support sustains for about 2 or 3 days we might see a reversal in trends and this would just remain all go upward trend and may reach new highs.
But if this support is broken it may would test a solidify support 28700 usd levels which is a great support.
So Patience is the key.
Do not Fear if you chosen to invest in crypto then you should have a metal heart as a gain can't be expected without a loss. We Learn From Such Things.and as i always say Knowledge never goes waste so Gain it
Remember Everything is fail in front of people so it also depend on all of us the Great Crypto Community.
If missed something please notify.
This should not to be taken as financial advice. Do your own research everytime.
