WHY DOES BITCOIN HAVE TO RISE? CHILIZ COIN - MBOX COIN

In this video, we discuss the developments in the Bitcoin and cryptocurrency market in terms of technical analysis. By examining the direction of the market and potential investment strategies along with our analysis, we offer a comprehensive road map for investors.

We observed that Bitcoin moves within a channel consisting of two tops and a bottom. The breakout of the channel and the subsequent retest resulted in a fall below a certain support level.
In this process, the lower band of the channel appeared as resistance during the rises. With the resistance overcome, Bitcoin started to recover again.

After the major trend was broken, a test was performed at a certain level and a sharp rise was observed. After the trend breaks at the peak levels, the mobility among crypto assets attracted attention.
Our strategy is to act according to critical levels. Maintaining positions with the expectation of an increase until a certain date range or repositioning in upward movements.

Major Trend:
The major trend was broken by exceeding the important support level and subsequent significant increases.

Expectation for May:
We do not expect Bitcoin to close below critical support levels in May. If it remains above these levels, a stable upward trend can be observed in the market.

Horizontal View:
We think that Bitcoin will follow a horizontal course between a certain band. In this process, positive movements are expected in some altcoins.

Altcoin Analysis and Predictions:

Chiliz CHZ: Chiliz, a leader in the fan token ecosystem, draws attention with the upcoming European Championship. We think Chiliz can reach target levels in the medium and long term.

Mbox MBOX For Mbox, one of the coins that remains cheap in the market: Movements above critical levels may be an important sign of recovery for the altcoin. After the falling trend was broken, a retest was made and we expect an upward movement.

Important Note: We recommend that you do detailed research and consider the risks before making your investment decisions. We only share our own analysis and personal opinions.

The information we will provide is for general information purposes only and does not constitute investment advice.

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