Bitcoin has taken support in lower range:: next target 25k

4 Mar 2023

Bitcoin is trading in bullish flag pattern. This is indicating that bitcoin has strong support zone on lower trendline support zone,,and exacly it has taken support on lower range and bounce back from these levels.. Chances are high it can appreciate till higher trendline, and may be this time we can see breakout above 25500+ levels. So if anyone wants to take trade can go with current price with strict stop loss of 21000 and ride the trade towards 24500+ target price. This could be risky below 21000 so do not enter without keeping stop loss.

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8 Mar 2023

Not

Well it has come down, but still this could be the best time to enter but do not forget to place stop loss at 21000. Because below 21000 it can be disaster. Well according to price action this can't breakout for downside as in this type of patter 90% price breaks out for only upside. Even if anything happen for downside like break out for downside, that could be a fake breakout. But still we have to assume price will move for upside only. So just be patient and take position for upside. But follow stricly stop loss given on chart.
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