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.
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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.
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.