Crypto 24 / 7 News

You might have seen from the uh from the thumbnail and we started off bearish as most of you know I do have my thoughts about that we we practically did the same last week which is pretty interesting so um so we’ll talk about what that means Um but in in general I just try to prepare you as well as possible Wednesday as most of you know we also have the inflation rate coming for the US so it’s a pretty big week it’s going to be a volatile week it’s going to be an interesting week I Think at least and um yeah we’ll talk about that before we get into that if you want to receive trading signals from me check out the links down in the description and the pin comment right now if you go to the telegram group I actually created my own bot which is way Safer and way easier if you want to join the telegram group and there are new payment options and stuff so check that out if you’re interested um and in Discord you can also still join but there’s a little bit more manual all right so now on to uh Bitcoin So what we did last night is usually as most of you know Sunday to Monday that transition is usually a time where you get quite a lot of volatility volume is low at the end of the weekend and then big players are getting into the market again so that causes big moves like We’ve seen like right right here I mean these moves like these are just are just single transactions single transactions of over a hundred million dollars which make the market move because the volume is that low um so there you have more more price impact but what that meant for for Bitcoin technically is that we um we talked about yesterday if we could actually um form some sort of an uptrend and what we would need to do for that and what we would need to do for that what we also talked about is break above 29 250.Um and yeah we just held resistance so what I said yesterday as well if we cannot break above that we’ll drop down and right now that’s kind of the situation in my ISD the market structure for for Bitcoin is that we’re just consolidating uh between 27 700 Ultimately I see that as our main support level I mean there’s support under there as well but that’s really the strongest I think um and then 29 700 at the top so that means that I also think that after the couple of bearish breakouts we had first Of all under 28 800 and then also under 28 500 I think purely technically it is supported that we’ll move to to this level around 27 700 and 27 900 that support level uh which for now I do think will halt I mean frankly I think we’ll kind of have The same thing as last week last week we we opened bearish but we also had the interest rates we expected bullish things from the interest rate uh so that from from that support we actually started being bullish ahead of it now we have the inflation right um which is actually the consensus is That it stays the same I think it will still even though some other people might be uh might be thinking it it will increase or it will stay the same because so for example the unemployment rate numbers last week I actually think it will be lower than expected still Um that’s in line with what we’ve seen throughout throughout the last couple of inflation rates and pce price index numbers so I think it would be lower than expected and I think overall the market will will expect that as well so even though on the short term I’m Expecting bearish momentum I think from that support level we can actually get back up to the top of our consolidation um but I will keep you updated on that I mean there’s a lot that can happen and in the end the market right now apart from apart from Bitcoin the market looks Very very bad so that could also still mean something for for Bitcoin um but I will keep you updated on that I monitored closely myself of course but for now this is my take on bitcoin so thank you for watching take care and bye BITCOIN BTC PRICE PREDICTION 2023 JOIN THE EXCLUSIVE TRADING SIGNAL GROUP!🔥(Instructions in Discord & Telegram group) https://discord.gg/CWxZHUy287 https://t.me/cilinixcryptogroup CHECK OUT THE LOVE HATE INU PRESALE!🔥 https://youpromote.care/box_60c3ec1eeee3d52660cfc8326b12c284?aff=956 🥇📈 – Register on BYBIT & get up to $30,000 USDT as a Bonus Right Now! https://bit.ly/Clinix_RegisterBybit ✍️ Social links! www.cilinix.com https://www.instagram.com/cilinixcrypto/ [email protected] @CilinixCrypto Disclaimer: This video is not financial advice and it is not intended to be.This video is for informational and educational purposes only and does not provide advice in any type of way.source.