Bitcoin current price is around 80,800 which is near to its all time high. We see that #Bitcoin making an all time high of 81,600 which is really amazing.
To be honest I was not expected with this price of Bitcoin reaching this level and I just thought in mind that the price of Bitcoin after reaching 74,000 will go back and will take a correction to 69,000.
But the continuous buying of Blackrock company and the US government is pushing the price upside which is a positive sign for many investors.
The price of Bitcoin was recently rejected from nearly 81,600, which is its current all-time high price.
Now Bitcoin might take a dip, possibly retracing to 78,000, which could be a healthy sign for the market.
A healthy market is always the one which goes with the help of correction. If it keeps to go upside, it will immediately dump in the same way.
But going upside with the help of correction is a sign of healthy market.
We have the next support at 78,000 and if this support breaks we could see a possible dip down to 77,000 which is more expected.
Many investors were expected a huge dump after the price of Bitcoin reaching the 74,000 level.
They opened a short position and thought it will come down to 69,000 which is its strong support right now.
But again this market is remains unexpected and it keeps on going upside which liquidated many investors.
Another huge liquidation is available at 84,000 level and there's possibility that it might touch this level to liquidate the positions and then may go down.
Currently we have two fair value gaps at between the level of 78,000 to 80,000 and another fair value gap we have at 69000 to 74600.
These are the fair value gaps which needs to be filled.
This is a short brief about current market update and hopefully you guys will like it.
What do you people think about BTC current move? Do you think the price will reach $100K by the end of this year? Will be glad to see your answers in the comment section.
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