Bitcoin Analysis of May 8th
In BTC Bitcoin Analysis, when Bitcoin reaches the $28,000 mark, it will begin another attack on the $30,000 area before making a significant correction to the $26,000 area.
Bitcoin Analysis of May 1st
The analysis released last week indicated that Bitcoin’s surge had ended and that market selling pressure had grown. Although Bitcoin hasn’t yet reached the $24,000 area that was the analysis‘s target, it did reach the $27,000 area last week, and the price quickly recovered after that. In the daily time frame, Bitcoin is forming a head and shoulders pattern, which denotes a deep correction for the market leader in Week 18 BTC Bitcoin Analysis.
Of course, this adjustment could take some time and be slow, but for now, there won’t be much of an increase but an emotional one. On the other hand, the Federal Reserve will decide about a rise in interest rates this Week 18 BTC Bitcoin Analysis. The market is likewise looking for an answer to this issue, which explains why there have been such little and monotonous market changes. Overall, we anticipate that there will be selling pressure this week and a move toward the $24,000 area.