Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

Breaking – Bitcoin Price Holds Around $19500 Support

GM! BTC broke 20k briefly as expected before dumping back below 19500. BTC is having the support at 18500 & resistance at 20200 with a pivot point at 19200. This week or next we will see breakout/breakdown in the short term but still in the medium term BTC looks bearish!

ETH is unable to break above 1420 levels which is crucial for it to pump further towards 1475-1550 but this unlikely in the short to medium term. ETH consolidating above 1220 support will be good for ETH & also for other altcoins

cryptocurrencies

altcoins are still selective in movement. Low cap alts are popping up randomly due to low volumes. Short term trading can be profitable but be careful about carrying these coins for long term just because you got locked in something. That’s a bad strategy now! cryptotrading

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 continues to look weak but volumes have significantly gone up since June 2022. This shows people are optimistic on BTC & trust it the most compared to any other altcoin, for now it’s holding well in a range but sooner or later global factors will dump it to lows!

Currently, The US stock exchanges are at the lowest point of the year. Global currencies are weakening amid high inflation even in the developed countries sounds the economic crisis will be much more deeper than what we are assuming. So we will see a lot if dump sooner or later

This post is based on this twitter thread.

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