Bitcoin | Consolidation Phase..!!

Dec 14, 2021

#BTC (Update)


Bitcoin has been Consolidating Between 30,000 - 66,000 Range Since 1st January 2021.

On 8th January, Bitcoin Mark its New ATH (41,970) & In Late January 2021, Bitcoin tested the 30k Support Area twice (22nd & 27th January Respectively) Then, Bounced Back Hard & Hit New ATH (64,830) on 14th April (+118% Since 27th January)


From 14th April to 20th July, Bitcoin Declined +55% Of It's Value but Bulls Defended the 30,000 Crucial Support.

In May, June & July, Bitcoin tested the 30,000 Crucial Support 3 Times (18th May, 22nd June & 20th July Respectively) & Bounced Back like 28th January & Hit New ATH (68,444) on 9th November (Bitcoin Price Surged +130% in 4 Months)


Now, again Bitcoin has been in Correction phase since 9th November (+33% Correction so far Since ATH)





According to the Most Common Fibonacci Reversal Levels, 38.20% (44,550) is the Last Reversal Level to Watch 👀

In Worst Case, If Bitcoin Lost the 40k Support like 19th May, Bitcoin Might Retest the 30,000 Crucial Support Area.




BUMP & RUN Bottom Reversal Formation...!!

Three Peaks & the Domed House Pattern..!!

Descending Broadening Wedge Formation..!!

Bitcoin is Getting Ready for Huge Bull Run..!!

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