Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

Bitcoin Price Bounces From $18500 to $19300 in 24 Hours

GM! BTC once again bounced from the support at 18500 to 19700 where it got rejected to trade at 19300 levels now. BTC is still in a range of 18500-20200, if BTC breaks above 20200-20500 on a 1D candle then we can see further growth. Any dump below 18k will test new low

ETH is also in a range between 1220-1400 at the moment. ETH has managed to hold on to the support zone between 1220-1280 even after the merge event. Any breakdown below 1175 will take it to 1k-930 but on the upside a convincing close above 1430 will lead to further move

altcoins are choppy & mostly in negative zone except selective low cap coins that are pumping randomly. BTC has to stabilize instead of moving in a small range. Accumulate quality altcoins slowly as there is no hurry. When shitcoin pops up then it’s the best time to sell.

I won’t change my bag for the next 2-3 years. So it remains the same. BICO DOT MANA MATIC LRC THETA BIT OCEAN CAKE FTT BNB BCUBE RARI NEAR MOVR GALA are my best bets for the next bull cycle in 2024! Crypto cryptotrading 1000x 100xgem Cryptocurrency

Summary: BTC is behaving the same like how it behaved earlier at 49500-32500-28500-20000. It’s nothing abnormal even now. It will go down & test the lows sooner or later. There is no way it will turn around from here & bottom is not in yet. IMO the bottom is at 9k-12k

Smart people will DCA at every support levels like 17400-15500-13300-11900-9500. In this way there will be good amount of BTC & also other coins at good prices which will be significantly higher during the next bull cycle.

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This post is based on this twitter thread.

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