Bitcoin Technical Analysis 04-03-21

Technical Analysis

Bitcoins opens at $58K and goes down to around $57K and stable around $58K ~ $59K. The average transaction fee is $17.57 which is 2.81% increase from 04-02-21. As I mentioned yesterday, Bitcoin continue stabling around $52K since All Time High has reached at $61K. My calculation on its value is $62K at some point which indicates that Bitcoin may continue correction in coming week with its strong support at $52K. Bitcoin may touch $61K again. If it stables around $58K ~ $60K, the next target is stable at $61K and hit $62K. You can reference my method here. Despite the correction, if Bitcoin is back at $61K zone and head it to $62K. 

Bitcoin flash crashes and hit $56K before it backs to $58K indicates that there may be more downward correction coming.

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 $61K but retreated to $54K 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 $52K. As a result, a positive correlation between .

Bitcoin increases its correlation for Gold that it becomes a neutral position ???. The price may fluctuate more in the coming day since Bitcoin VIX is low but Bond VIX increased. There may have medium risks in the coming day as the greed level goes flat!

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

This is a summary of general economic and market forecasts for this week:Please feel free to provide any suggestions!Thank you for reading and see you tomorrow!

Cross-references of this article has been made by author and have been cross-referenced on several platforms. Summary:

Most Bullish News ??

Banks have huge appetite for Bitcoin

It indicates that Bitcoin price will be stable with more supporting from users.

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You can use this as a defense, and then reduce the risk...
Trying to find an advantage means using it against someone???
?? Is risk neutral to mean that no decision is made and opportunities continue to be sought ?
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I will not be compensated for it.
I have no business relationship with any of the companies whose cryptocurrencies are mentioned in this article.
The information below is intended for informational purposes only.
. .
Technical AnalysisBitcoins open at $58K, go down to about $57K, and then halt on that price.
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In yesterday's post I mentioned that Bitcoin continued to hover around $52K since its peak reached $61K.
According to my calculations, its value could be $62K at some point, suggesting Bitcoin may continue correction in the coming week with its strong support level at $52K. Averse means you can use as defense ???
According to my calculations, its value could be $62K at some point, suggesting Bitcoin may continue correction in the coming week with its strong support level at $52K. Seeking means you can use as offense ??
According to my calculations, its value could be $62K at some point, suggesting Bitcoin may continue correction in the coming week with its strong support level at $52K. Neutral means no decision made and continue seeking opportunities ???
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Bitcoin will return to the $61K zone and reach $62K despite the correction. It has dropped to $56K before rebounding to $58K, marking that there may be even more downward correction on the way. I are remaining my floor price at $40K to signal strong support while keeping the ceiling price at $50K. Volatility in bitcoin fell yesterday. Bitcoin has reacted to peak value at $61K which implies that at some point, it will surpass $60K should it continue to stabilize around $58K. This information is only for educational purposes.