Bitcoin is the King of Crypto
Hi everyone, hopefully you are fine and having fun with your family and friends.
We all wants to see Bitcoin go up because all of our holdings are somehow depends on its price action.
Bitcoin is in struggle to touch $22k having strong resistence at $21600. There is a big resistance at the above mentioned area ,if broken then Bitcoin can easily go above $22k. Currently it is trading at $21436.
On the other hand , Bitcoin is having a good support around 20800. If this support is broken then we can see bitcoin going as low as $19k. The current support it is having is looking very strong so there are less chances of it going down.
What this all stats means that bitcoin has Greater chances of upward price movement. So we can expect Bitcoin above 23k at the end of this week.
Altcoins are also struggling following Bitcoin price action. It is already understood that All of the major coins follow Bitcoin's movement. The reason is simple, Bitcoin is the king which is why all currencies prices move with it.
This is my understanding of the market movement. It may prove wrong what im saying.
Thank you for stopping by. If you like this article , please give it a reblog or an upvote would be highly appreciated. About Author @coolguy222 is a full time crypto trader and content creator on hive blockchain. He loves to make new friends.
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