Bitcoin (BTC/USD) Weekly Daily Chart Analysis For August 9, 2021
Technical Analysis and Outlook
It seems there is no stopping Bitcoin after the cryptocurrency surged past our psychological Mean Res $46,580 mark, which held the coin captive for four sessions from passing this barrier. Next is our target Inner Coin Rally of $50,130, coinciding with a significant $50,000 Maginot Line. Will the price of Bitcoin increase to $50,000 this weekend? See the 'Weekly Market Review & Analysis For August 9, 2021" page at the usual site for the rest of the market story.
It seems there is no stopping Bitcoin after the cryptocurrency surged past our psychological Mean Res $46,580 mark, which held the coin captive for four sessions from passing this barrier. Next is our target Inner Coin Rally of $50,130, coinciding with a significant $50,000 Maginot Line. Will the price of Bitcoin increase to $50,000 this weekend? See the 'Weekly Market Review & Analysis For August 9, 2021" page at the usual site for the rest of the market story.
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.