Keep Calm! 18500 USD is Great Support for Bitcoin Price

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I said lots of times that 18500 USD is great support for Bitcoin Price. Bitcoin price went down from 22750 USD to 18500 USD again. 18500 USD is tested 2 times..

There is also the bottom line of Bollinger Band that makes 18500 USD stronger...

Here is logaritmic chart of Bitcoin price. 100-day Moving average is going down but support line is going up... One of them will win and we will see huge moves on Bitcoin...

Ekran Resmi 20220919 19.56.08.png

Here is weekly chart of Bitcoin that you can see the down trend of RSI Indicator. It will be broken up at the end of this year and We will enter long bullish trend...

Ekran Resmi 20220919 20.00.30.png

I believe that it is not easy to break down 18500 USD. If it happens, I can make another analysis but I still dont expect that It will be broken down...

We will see..

Posted Using LeoFinance Beta

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I am pretty calm, crypto is dragged down together with the stock markets, a consequence of lots of institutional investors selling their positions through algorithms…

Things will turn around sooner or later

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