@xuanling11 1 March 2021 more from that month

Bitcoin Technical Analysis 02-28-21

The market has reacted peak value at **$58.6K** but retreated to **$43K** which means the Bitcoin prepares for next milestone **$60K** at some time if continue stabling around **$58K**. It is fairly stable at this level around **$43K**. Volume of trading is still very health at this level.

Bitcoin **increases** its correlation for Gold that it becomes a ****defense 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!

****Most Bullish News 📈**** Institution investors continue buying Bitcoin https://cointelegraph.com/news/bitcoin-sell-off-over-strong-buy-the-dip-signal-flashes-for-the-first-time-since-september It indicates that Bitcoin may continue raising price after correction and whales continue accumulating Bitcoin. ****Most Bearish News 📉**** Government taxes on Bitcoin gains https://cryptopotato.com/korean-government-to-levy-taxes-on-bitcoin-capital-gains-starting-2022/ It indicates that Bitcoin may face correction with high taxes margin. Resources https://www.coindesk.com/price/bitcoin https://cointelegraph.com/news/bitcoin-sell-off-over-strong-buy-the-dip-signal-flashes-for-the-first-time-since-september https://cryptopotato.com/korean-government-to-levy-taxes-on-bitcoin-capital-gains-starting-2022/