Today's article will be very important . Because I will do a technical analysis of Bitcoin today. I will know the market updates as well.

Recently a news has spread. Many people are saying that Bitcoin will not be up before 2024.

I will discuss what the reality is.

To be honest, Bitcoin is still in bullish mode. If you look at the market analysis of the last few years, you can see that it has created a side wave market and is up again. It is still creating side wave market and it will be up again which could be 100k.

But now there will not be much hype . Because now everyone knows about cryptocurrency . The current circle may not match the previous circle. Everyone is educated now . Knowledge of cryptocurrency, bitcoin is increasing among all. That is why I disagree with this view.

I will now discuss with you that Bitcoin may be up before 2024. First of all we will do historical analysis. The chart you see here is in one week time frame.

Here is what you can do in the future from 2013-2016, 2016-2021 and 2021. If you take a good look here, you can see that the time frame in 2013-2016 has completed the circle 1-6. In the 2017-2021 timeframe, it has also completed 1-6. But if you look at the timeframe after 2021, you can see that it is now in Circle 5. Circle 6 has not yet gone. It may take another year to complete Circle 6.

If we do another historical analysis and draw the top price and bottom line, we can see that Bitcoin touched the top price in 2013.

Then in 2015 he touched the bottom point. In 2016, he touched the top prize again. Touched the bottom point again in 2016. In 2020, the market crashes for the covid situation . Then the bull run started. The position we are in now is touching the bottom point again . Analyzing it, we realized that it is currently in bullish mode.

Retest analysis...

Then we do another analysis. Here we can see that after completing retest 1 and retest 2, the market has gone up. Even now, if we look, retest 1 and retest 2 have been completed.

According to previous calculations, now Bitcoin is supposed to be up.

Reversal Analysis.

In July 2021, the fake out reversal of the market took place . After this fake out market reversal, the market was up.

In the month of April 2022, the fake out market reversal has taken place again This also indicates a bullish sign

One day analysis ...

Even if we do one day analysis, we can see that the market is in bullish sign. Market went to a little correction two days ago. Market is up now.

Four Hour Analysis ....

If we do a four hour analysis then we can see that the market is in a channel.

If we do another analysis below, we can see that the market can take a little correction . Then it will be up again. If you draw a horizontal line, you can see that the market is in bullish sign.

Live Analysis ...

If we do a live analysis of the market, we see that it is around 43,000. Towards the end we can see the dump . This is basically a correction Here we see a moving average of 200 at 48300. It was a bearish market until it reached 48,500 . Bitcoin has touched 48500 and has come down again .

So,if it wants to be bullish then it has to go to 48500. again In the current situation, it is also bullish sign. Because Bitcoin now has out of 100 moving averages.

I have done some analysis above. From all the analysis we can see that the current state of Bitcoin can be bullish at any time. So you all keep an eye on Bitcoin.