currently the bitcoin price is trading at around $52,192 as at the time of this post ....
within the last twenty four hours it had a highest price of $53287......and it had a lowest price of $50,247....
based on my indicator and my candlestick analysis ,if the price touches and breaks the next support level which is at $48000 then it means that the bull run will not be able to hold till the end of this week.....then expect the bitcoin to continue to become bearish....
but if the price of the bitcoin market is able to break above the next resistance level price which is $54010 then it means that the bitcoin will continue its bull run on the long term.....which means that investors can keep on smiling to the bank.....
if the bull run is going to continue then on the weekly chart the price of the bitcoin is expected to touch the $61000 price mark and that means that we should watch out for the possibility of the bitcoin price touching the $61000 before the next one week........
please note that this are just market predictions based on analysis,the fundamentals also have a role to play in determining the price of the bitcoin..so most times the market flows with the demand and supply on the market and could go against predictions any day anytime....
thanks for reading...
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