Could this be your last chance to buy Bitcoin, Why Bitcoin is Pumping?

Please don’t do any of that. That’s not financial advice. But there are some key signals to look out for right now.

Because Bitcoin is shaping up for a really bullish month now, I haven’t been this bullish on Bitcoin for a little while.

But, yes, we could be wrong. No one knows what’s going to happen in the market, but there are chances to make serious money if you position yourself right beforehand.

The 48k when that level breaks it’s a great time to enter when 50k breaks, it’s an even better time to enter. And now we’re expecting to see a test of 60k.

We’re going to talk about this recent change in sentiment for Bitcoin. Then, we’re going to talk about our key levels. Finally, we’re going to talk about upcoming trends which we think you need to be looking out for

Bitcoin Signals?

We’ve been seeing Bitcoin pump for a little while now we’ve seen structure reverse 52k high, has been claimed the 50k psychological levels been claimed the 48k level, has also been claimed, and with this, there’s come a general change in market sentiment.

So let’s start by talking about this big change in sentiment. Well, across the market, we’ve been seeing people get more and more bullish.

Are there any key indicators, any key pieces and news that you’re paying close attention to?

Yes, you know, one that I quite like is the crypto fear and greed index. So if you take a look at that below right now, you see it like pick up quite significantly there, and what that shows me is that people are less fearful and, in other words, bearish and more bullish.

And now zooming back a little bit, if we look at the below chart, the one year you’ll notice that the line still has a little bit of room to run before it starts entering correction territory, which is also good to see

I also want to say one thing about the options market just to give us the full spectrum here. İf you look at the options markets now in short.

There’s more demand for calls or bullish bets compared to what there is for puts or bearish bets, again another good fundamental indicator to see.

Bitcoin Chart and Price Analysis

So that gives us details some coverage on what we’re paying attention to with regards to market sentiment.

The Bitcoin dollar parity went above 50 thousand dollars exactly four weeks later. In fact, what is more, important than that is the formation of prices above the critical resistance point at $48,100.

This place is extremely important. Because the continuation of the upward movement in the parity depends on the costing on this point, that is, on the voluminous closings.

If this happens, we will now look at the $48k level as a support point and strengthen our upside rhetoric a little more.

Then, let’s define the continuation of possible upward movements as staying above the 48 thousand dollar level as the first item of our scenario.

If this happens, we can see the continuation of the movements above the 50 thousand level to the resistance level at the $ 51 thousand level.

But beware here! Because on a weekly basis, this level is an extremely critical resistance point. Because the parity has not been able to break this trend line on a weekly basis since the beginning of April 2021. T

he approach to the break of $ 57 thousand can open new potential of $ 5600. It is worth noting that; the level of 57 thousand dollars is a kind of touchstone in the parity.

Because the rise so far is a kind of reaction reception. Breaking this trend line, whose resistance point coincides with the level of 57 thousand dollars, can enable the pair to enter a serious uptrend.

This can offer a technical view in which the levels of 60 thousand, 80 thousand and even 100 thousand dollars, which have been spoken a lot lately, will be pronounced, albeit slowly.

Final key level 52k broken. I am absolutely bullish. In my opinion, this is going up to test the next level, 59k, just below 60k.

So the price is going to get there. The key thing we need to pay attention to, so our key resistance right now the first level you need to pay attention to is that 60k.maybe as low as say 59k.

As long as the price stays above 50k, I am going to keep my bullish sentiment. Like I said earlier, that doesn’t mean I’m 100% right, but if I am right, right now, this could be the beginning of a huge pump and upcoming second round to the bull market.

Recently we’ve been seeing a lot of institutional activity big money coming into crypto. It’s showing strength in the face of stock market weakness.

I think the coinbase is always a good thing to look at. When we see more demand on coinbase, it tends to indicate that there’s more institutional demand coming in.

I think there’s just one thing to be a little bit cautious of here, and it’s a little bit strange to see but basically in a matter of a few minutes yesterday. We saw 1.6 billion dollars of spot purchases on centralized exchanges.

I say this is unusual because institutions or whales tend actually to tend to trade using otc markets. So the fact that they chose this avenue is a little bit unusual to see, and it’s something that I’ll keep an eye on.

With the bull market coming, everyone, there’s going to be a huge opportunity to make money, one that I’ve never seen anything like it before. Nothing quite like a money-making opportunity like a crypto bull market.

WHERE TO CONTACT US

Website : www.Cryptotrade1.com
Twitter : www.twitter.com/cctrade11
Telegram : telegram.me/cctrade19
YouTube : www.youtube.com/CryptoTrade1
Email ID : info.cryptotrade1@gmail.com