Bitcoin Technical Analysis 03-11-21

Bitcoin Technical Analysis 03-11-21
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Technical Analysis

Bitcoins opens at $56K and goes up to around $57K and stable around $53K ~ $54K. The average transaction fee is $17.91 which is 7.78% decrease from 03-10-21. As I mentioned yesterday, Bitcoin touches $57K. If it stables around $53K ~ $54K, the next target is stable at $55K and hit $58K. I think the All Time High at this level will likely. My calculation on its value is $62K at some point which indicates that Bitcoin may continue correction in coming week. You can reference my method here. Despite the correction, Bitcoin is back at $58K zone and head it to $62K. 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. As a result, .

Bitcoin decreases its correlation for Dollar 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 down!

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

A summary of the general economic and market predictions for this week is provided below. Don't hesitate to e-mail me any suggestions.

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Note: Cross-references of this article have been created by the author and cross-referenced on multiple platforms.

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

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???? January 2021 Technical Analysis Summary ????

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You can reference my previous daily Bitcoin analysis There is no compensation for it.??:

The previous daily Ethereum analysis can be viewed There is no compensation for it.??

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What is the This is the method I used.Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Averse means that you can use it in defense. for January 21st?

How do the Doge indices stack up? 01-02-21???

Can we really conclude anything from the This is the method I used.Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Averse means that you can use it in defense. of 01-11-21?

Did you give us your opinion of Doge 01-28-21?

02-04-21 This is the method I used.Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Averse means that you can use it in defense.??

?????? 02-07-21 This is the method I used.Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Averse means that you can use it in defense.

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Dogecoin - what is it ?

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where are we now ? 03-10-21??

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What's New on Crytomarket This Week? 01-29-21 to 02-05-21?

Crytomarket Weekly Overview and Forecast, 02-05-21 to 02-12-21?

Market Outlook for Crytomarket for February 12th to February 19th????

This week's Crytomarket Weekly Forecast is for February 19th to 26th.

Crytomarket Weekly Overview and Forecast for February 26th-21 and March 5th-21????

What cryptmarket forecast for the week from March 21 to March 21?

This is the method I used.Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Averse means that you can use it in defense. 02-07-21??

???? The risk neutral state means a decision is not made and opportunities continue to present themselves, ??? In advance, I must say this: This level of trading and transaction fee has decreased Bitcoin’s correlation with the US dollar to the point that it becomes a neutral position ??? There is no compensation for it. and There is no compensation for it.

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. .

Technical AnalysisBitcoins' price starts at $56K and then rises to around $57K before maintaining a price range of $53K - $54K.

The average transaction fee in 2013 is $17.91 against 03-10-21, a decrease of 7.78%.

Bitcoin reaches $57K today.

Stable value of $53K, $54K is the next target as it may find stability at $55K and hit $58K.

I believe the All Time High might be reached at this level.

Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21????

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This is the method I used.

Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Averse means you can use as defense ???

Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Seeking means you can use as offense ??

Despite the correction, Bitcoin is back at $58,000 and heading to $60,000. Neutral means no decision made and continue seeking opportunities ???

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Around $47K the price is fairly stable. This level of trading and transaction fee has decreased Bitcoin’s correlation with the US dollar to the point that it becomes a neutral position ??? . . The price change may be more noticeable in the near future with prices toward the mid-level. This information is only for educational purposes.

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