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Technical Analysis
Bitcoins opens at $55K and goes up to around $58K and stable around $53K ~ $54K. The average transaction fee is $22.12 which is 23.51% increase from 03-11-21. 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. The following sentence works as follows: .
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.
This is a general forecast of this week's economic and market conditions; follow along for the first week. Also, if you have any suggestions, don't hesitate to contact me!
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You can reference my previous monthly Bitcoin and Ethereum analysis I do not have any business relationship with any company whose cryptocurrencies are mentioned in this article.??:
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You can reference my previous daily Bitcoin analysis I do not have any business relationship with any company whose cryptocurrencies are mentioned in this article.??:
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Is Here is a previous cryptomarket forecast analysis I did that you can reference ???? 03-22-21?
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Here is a previous cryptomarket forecast analysis I did that you can reference ???? for 03-09-21?
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis I do not have any business relationship with any company whose cryptocurrencies are mentioned in this article.??:
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Here is a previous cryptomarket forecast analysis I did that you can reference ???? 03-11-21??
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You can reference my previous daily Dogecoin analysis I do not have any business relationship with any company whose cryptocurrencies are mentioned in this article.??:
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You can reference my previous weekly Cryptomarket forecast analysis I do not have any business relationship with any company whose cryptocurrencies are mentioned in this article.??:
Bitcoins open at $55K, go up to around $58K, then hold around $53K - $54K.
An average transaction fee of $22.12 was observed which represents a 23.51% increase over 03-11-21.
Bitcoin reached $57,000 yesterday, as I mentioned in yesterday's post.
After stabilizing around $53K - $54K, the next target is $55K and hitting $58K.
The All-Time High is likely to be at this level.
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21????
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Though the correction occurred, Bitcoin is still trading at around $58K and is on pace to surpass $62K.
You have to be patient! My minimum price of $40K indicates a strong support, while my maximum price is $50K. Averse means you can use as defense ???
You have to be patient! My minimum price of $40K indicates a strong support, while my maximum price is $50K. Seeking means you can use as offense ??
You have to be patient! My minimum price of $40K indicates a strong support, while my maximum price is $50K. Neutral means no decision made and continue seeking opportunities ???
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BitCoin's relationship with the dollar has decreased significantly, and it is now neutral. This indicates that there is a decrease in the correlation between Bitcoin and the black dollar, making it a negative position ??? In . With price nearing mid-level, price fluctuation may be more drastic in the coming day. There may be a moderate risk in the coming day due to the drop in greed!Bitcoin Value = $40k to $50k and my position is Long.Here are some highlights that support my analysis:Here is your road map for today: Major Bullish News ?? This information is only for educational purposes.
