Bitcoin Technical Analysis 03-06-21

Bitcoin Technical Analysis 03-06-21
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Technical Analysis

Bitcoins opens at $48K and goes down to around $47K and stable around $48K ~ $49K. The average transaction fee is $13.28 which is 28.22% decrease from 03-05-21. As I mentioned yesterday, Bitcoin touches $52K. If it stables around $50K ~ $51K, the next target is stable at $52K and hit $55K. I think the correction will continue at this level. My calculation on its value is $50K at some point which indicates that Bitcoin may continue correction in coming week with lower fear index. You can reference my method here. Despite the correction, Bitcoin is back at $50K zone. Patience is the key!

I remain my floor price to $40K indicates the strong support and remain the ceiling price at $50K.

Bitcoin volatility is moving less volatile in yesterday. The market has reacted peak value at $58.6K but retreated to $43K which means the Bitcoin prepares for next milestone $60K at some time if continue stabling around $58K. It is fairly stable at this level around $47K. This is a .

Bitcoin decreases its correlation for Stock Market that it becomes a offense position ??. The price may fluctuate more in the coming day with price toward mid-level. There may have medium risks in the coming day as the greed level goes up!

Bitcoin Value =  $40k ~ $50k and my position is Long.

This is your general forecast of this week's economy and market: As well, if you have any suggestions, please let me know! Did you hear about Steem?

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Here are summary of general forecast of this week of economy and market:

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Forecast for the week of Jan 29-21 to Jan 25-21?

Watched Crytomarket Weekly Report 02-05-21 to 02-12-21 according to ????

This week's Crytomarket Weekly Forecast is for February 12-23 to February 19-23???? 03-05-21??

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You have to have patience! I remain at my $40K floor price and maintain the ceiling price at $50K. probability forecast guideline:You have to have patience! I remain at my $40K floor price and maintain the ceiling price at $50K. Averse means you can use that to your advantage ???

It's a way to get into trouble ?

A You have to have patience! I remain at my $40K floor price and maintain the ceiling price at $50K. Neutral approach implies not making any decisions and continuing to watch for opportunities ?

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You can reference my previous weekly Cryptomarket forecast analysis here ????:

In the period 03-05-21, the average transaction fee was $13.28, a decrease of 28.22% from the previous period.

It was mentioned that Bitcoin surpassed $52,000 yesterday.

Once it reaches $50K, it will hit $52K and reach $55K.

This level is an indication that correction will continue.

At some point, when its value reaches $50K, Bitcoin may continue its correction with lower fear index.

Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21????

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Bitcoin is back to the $50K zone despite the correction.

You have to have patience! I remain at my $40K floor price and maintain the ceiling price at $50K. Averse means you can use as defense ???

You have to have patience! I remain at my $40K floor price and maintain the ceiling price at $50K. Seeking means you can use as offense ??

You have to have patience! I remain at my $40K floor price and maintain the ceiling price at $50K. Neutral means no decision made and continue seeking opportunities ???

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Bitcoin's positive correlation to the Stock Market makes it an offensive position . The . The price might fluctuate more in the future as the price moves toward mid-level. Here is my analysis:Bitcoin value is $40k-50k, so I am long.Here are some highlights from today:Most Bullish News ? This information is only for educational purposes.

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