Bitcoin Technical Analysis 03-01-21
I mentioned that my calculation on its value is ****$48K**** at some point which indicates that Bitcoin may ****continue correction**** in coming week with lower fear index. Despite the correction, Bitcoin is back at **$49K** zone. ***Patience pay off***!
If it stables around **$48K ~ $49K**, the next target is stable at **$50K** and hit **$52K**.
Bitcoin **increases** its correlation for Gold that it becomes a ****neutral position**** 👁️. The price may **fluctuate more** in the coming day with price toward **mid-level**. There may have ****medium risks**** in the coming day as the ****greed level**** goes down!
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