Hey everyone!
Today PrimeXBT will be offering another technical analysis overview of BTCUSD.
Over the past week, Bitcoin’s price has remained range-bound, which means that another volatile move might be in the making.
Bitcoin broke below the major support line seen on the chart. The price is now moving in a downward channel and will likely target its next major support zone in the near-term. From this level, it may surge until it reaches its next major resistance zone.
Additionally, BTC’s RSI is clearly oversold at the moment.
We want to hear your thoughts on BTCUSD. Please leave a comment below!
Stay tuned for more PrimeXBT trading signals for Bitcoin and other assets.
Good luck with your future trades!
Today PrimeXBT will be offering another technical analysis overview of BTCUSD.
Over the past week, Bitcoin’s price has remained range-bound, which means that another volatile move might be in the making.
Bitcoin broke below the major support line seen on the chart. The price is now moving in a downward channel and will likely target its next major support zone in the near-term. From this level, it may surge until it reaches its next major resistance zone.
Additionally, BTC’s RSI is clearly oversold at the moment.
- The support zone ~ $7100
- Target zone ~ $7400
- Market Cap
$131 540 453 779 USD - Volume (24h)
$18 690 232 485 USD - Circulating Supply
18 094 450 BTC
We want to hear your thoughts on BTCUSD. Please leave a comment below!
Stay tuned for more PrimeXBT trading signals for Bitcoin and other assets.
Good luck with your future trades!
Trade active
Trade active
Touched the support zoneNote
Long-Term Bitcoin Price Prediction
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.