Bitcoin price moves and market direction

Bitcoin price is moving in between $65k and $67k for a while. There seems to be a strong resistance at $68k which is sending it back every time it tries to cross this region. I have been closely watching how this is playing on daily basis.

There are chances that Bitcoin price may go lower from here but that would just be temporary for a short period of time , in the long run Bitcoin is bullish. Sometimes the charts does not look good but that does not guarantee its direction.

Bitcoin is currently trading at $67k which seems difficult to hold due to the resistance . If the price falls further below $67k then 65k is sure at the table and we can even face $63k at very possible reason. On the opposite side if Bitcoin price sustain well at 67k then it will be struggling for 68k if that gets broken then it could easily go up and cross $70k.

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Both the cases mentioned above are having a 50 50 chances to occur. In case if the first one played still no need to worry as mentioned because the downward pressure will be temporary and the price will recover back eventually.

You must be thinking that why do i always say that Bitcoin will recover, the answer to the question is simple, i believe Bitcoin always recovers back after correction because it is the king and is the backbone of the whole cryptocurrency market. There is no crypto concept exist without thinking about the bitcoin. Another thing why i believe so much on Bitcoin is because it has a fixed supply of 21 million, no one can print more of it.

Bitcoin is in a very limited supply while the world population is much much more than it. There is only a dust percentage of world population which holds Bitcoin. The more the holders , the more valuable it will become over time. This can be imagined by looking at its history.

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Lets be honest, i often regret for not holding bitcoin despite of the fact that i discovered it early. Similarly people will regret in future for not holding it now because its still not late. We still have opportunity to load bitcoin bag as bitcoin price is still undervalue. It will fly over time.

As bullrun is yet to come so we have time to bag our favourite coins which we believe that can make a good return during the bull market . I believe that bitcoin is a common favourite of everyone and Hive and $LEO is also a favourite of all hivians.

Different people have different favourite coins. Besides Bitcoin , Leo and Hive my favourite ones include ETH, BNB chainlink , Uni , ADA. These are the ones that i believe can pull a nice profit in bull market. Lets hope bull market bring happiness on our face.

Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.

Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.

About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.

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