Bitcoin Technical Analysis 03-07-21

Technical Analysis

Bitcoins opens at $48K and goes up to around $51K and stable around $50K ~ $51K. The average transaction fee is $13.28 which is 0% increase from 03-06-21. As I mentioned yesterday, Bitcoin touches $52K. If it stables around $50K ~ $51K, the next target is stable at $52K and hit $55K. Correction at this level is probably going to continue. 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 and head it to $52K. 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. In addition, .

Bitcoin decreases its correlation for Stock Market that it becomes a neutral 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.

I'm here with a general summary of the economy and market for this week. Feel free to share your suggestions. Thanks for reading!

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Chinese companies are buying Bitcoins

It indicates that Bitcoin price will be stable with expending of users.

As you can see, .

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The A snapshot of the Cryto Market Weekly Forecast for the week of February 05-21 to February 12 th ???? for Wednesday, May 21 is available here.
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The The cryptocurrencies mentioned in this article come from companies with which I have no business relationship. for Tuesday, April 21.
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The Crytomarket Weekly Forecast 02-26-21 to 03-05-21?
Rispin forecast: Using the Despite the correction, Bitcoin is presently trading around the $50K level and looks be headed to $52K. Averse metric as a defense means that you can keep your risk consistent.
You can use a risk seeking offense as an offense ??
The term Despite the correction, Bitcoin is presently trading around the $50K level and looks be headed to $52K. Neutral refers to not making a decision and instead seeking out opportunities.
At the moment, it is around $47,000. This is an article I wrote on my own. It represents my own opinions.
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Bitcoins are in the $48K and $50K range and will remain around that level as it stabilizes around $50K / $51K.
A transaction fee of $13.28 is the average for 03-06-21.
Bitcoin just passed $52,000 as I mentioned yesterday.
Eventually, if it stabilises between $500K and $51K, the next target is $52K and hitting $55K.
It seems like the correction at this level will continue.
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21????
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My method is available here.
Despite the correction, Bitcoin is presently trading around the $50K level and looks be headed to $52K. Averse means you can use as defense ???
Despite the correction, Bitcoin is presently trading around the $50K level and looks be headed to $52K. Seeking means you can use as offense ??
Despite the correction, Bitcoin is presently trading around the $50K level and looks be headed to $52K. Neutral means no decision made and continue seeking opportunities ???
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At the moment, it is around $47,000. Trading volume is still very strong at this level. Bitcoin decreases its correlation with the Stock Market that it becomes a neutral position. It has been said that . Prices are expected to fluctuate more during the coming day, moving toward the mid-level. This information is only for educational purposes.