Rally in the price is mainly due to halving of coin which is likely to happen in August 2023.
In the last halving (which happened in August 2019), the price showed the movement of almost 553% from its low of Dec,2018.
Currently, the coin is trading at $94.9 with support at $84 and resistance at $103.34. If the daily price candle closes above the resistance, target price will be $147.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
In the last halving (which happened in August 2019), the price showed the movement of almost 553% from its low of Dec,2018.
Currently, the coin is trading at $94.9 with support at $84 and resistance at $103.34. If the daily price candle closes above the resistance, target price will be $147.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.