Bitcoin overview!

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BTC Overview

From the last time we have reached the $22500 zone but despite another rise we did not reach our main target of 23K and did not break the resistance fully.

At the moment we are having correction after that long wick we had. RSI indicator line has bounced back from the lower Bollinger Band so we are still bullish from here and are more likely to for another try to break 23K on the upcoming week. We have 2 scenarios as well here but we will tell you the one we think will activate: The buying pressure is going to increase in Tuesday/Wednesday after what Bitcoin breaks $21700 mark(which works as a small resistance) and will continue to move towards 23K.

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.