Mithat Can Kartlaşmış 
Bitcoin Price Analysis and Buying Opportunities! Despite a number of negative news, the fact that Bitcoin and altcoins maintain their prices and even increase can be regarded as a positive signal. A quickly recovering market is one of the most important indicators of a bull season.
We see that Bitcoin has been moving in a range for about 2 weeks. We are currently at the top of the range, which is an expensive area. Breaking through this area is important.
You Might Be Interested: Who is the New CEO of Binance, Richard Teng?
We currently have a $38–40,000 range ahead of us. If Bitcoin breaks the red zone with voluminous candles, the $43–46,000 range will not be unrealistic. On the downside, there is an area around $32,000 that the price might want to visit one last time. If we break this range downward, the price might want to visit this area. This area corresponds to a 20% downside. It could also be a possible decline equal to the correction Bitcoin makes at the beginning of every bull season. If this region comes, it is likely to be the last buying opportunity. Perhaps we are in times when people might look back in 2 years and say, ‘If I had bought from this region’.
When we look at the total chart, there is not yet a situation that could be called a bearish signal. The price made a return from the 1.32 area, which would indicate a change in market structure if it dropped both from the optimal trade entry area and below that. Besides, crossing the 1.405 region will easily take us to 1.5. This means another satisfying rise may be on the way.
You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.