Welcome dear members to this important update on BTC . I hope your weekend was good and you are keeping well.

I post ideas related to cryptocurrency which are purely based on technical analysis . I also provide trade setups for scalping, mid-term, and long-term holdings. We trade in different exchanges like BInance, Bybit, gate. io , kucoin, etc. We use margin, futures , isolated, and spot trading. So, feel free to follow me for the latest updates.

Let’s get back to the chart.

BTC has been a surprising subject to analyze and discuss. The current move and TA on BTC are creating suspense for the entire market. Many traders including me claimed that we are in a bear market (as per the weekly and monthly chart) and the market is supposed to go down but what if we are wrong? What if BTC is preparing for a new all-time high when everyone is expecting it to drop below $20k? Don’t get me wrong, I am not trying to manipulate your mind but I am just trying to bring forth the genuine questions that are on my mind right now. It is confusing yet exciting.

The way BTC is holding the $28k level and the USDT.D is getting rejected in the 3 days TF, I am forced to question myself. Currently, BTC is strongly holding the $28k support range which is maintaining the positive vibe of a bullish rally. If BTC is going to rally higher then we can expect a rally between $37k to $40k. And if BTC manages to break the $45k range then a new all-time high is possible. Break down below $28k will invalidate the expectation for a new all-time high.

Let me know what you think about BTC . Do you think we can witness a new all-time high or it will drop below $20k?

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Thank you.