In reference to the daily chart of Bitcoin,
Bitcoin is in a major upward trend, forming an upward channel, especially in the field of competition with other startups, there may be a reason for delaying the rise, from the side of Bitcoin withdrawals and their transformation into pieces with its derivatives,
—Bitcoin may visit other areas in its downward trend, or where we do not expect it to happen,
—For example; $81541 as a final stage, and $84951 at a record level, and we consider it within respect for the rise in the upward channel,
—This accumulation that is happening is nothing but a simple correction, before keeping pace with the development in the search for the new (resistance),
—Advice;
It is good for us to have deals, open in areas that are considered good, and have big surprises in making profits, and with that, the absence of that, and the stability in the future of the price, below the upward line, then that is a great possibility of rising after touching the line,
Bitcoin is in a major upward trend, forming an upward channel, especially in the field of competition with other startups, there may be a reason for delaying the rise, from the side of Bitcoin withdrawals and their transformation into pieces with its derivatives,
—Bitcoin may visit other areas in its downward trend, or where we do not expect it to happen,
—For example; $81541 as a final stage, and $84951 at a record level, and we consider it within respect for the rise in the upward channel,
—This accumulation that is happening is nothing but a simple correction, before keeping pace with the development in the search for the new (resistance),
—Advice;
It is good for us to have deals, open in areas that are considered good, and have big surprises in making profits, and with that, the absence of that, and the stability in the future of the price, below the upward line, then that is a great possibility of rising after touching the line,
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.