Bitcoin Trend Analysis
Updated
Hello everyone,
I will start my analysis by looking at the chart I published yesterday.
Over an 11-hour period, Bitcoin behavior was limited to the support and resistance levels (yellow lines) I had drawn, and exactly according to the analysis, it hit 4 critical points of the chart. It crossed the fourth point but could not form a trading range within the red range.
Bitcoin will try to cross the $ 49,000 range and move upwards to $ 50,000.
DISCLAIMER: trade based on your own decision
Best regards
Ali Crypto
I will start my analysis by looking at the chart I published yesterday.
Over an 11-hour period, Bitcoin behavior was limited to the support and resistance levels (yellow lines) I had drawn, and exactly according to the analysis, it hit 4 critical points of the chart. It crossed the fourth point but could not form a trading range within the red range.
Bitcoin will try to cross the $ 49,000 range and move upwards to $ 50,000.
DISCLAIMER: trade based on your own decision
Best regards
Ali Crypto
Note
The price correction is possible up to $ 47000.Note
Be careful guys,The price of bitcoin is likely to drop to $ 45,800 :(
Note
Bitcoin has a trading range ( between $ 46,800 and $ 47,200).In my chart, the minimum price was $ 47,300 (yellow line). But the price went down as well.
But according to the market cap, etc it will return quickly.
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.