BitcoinShort
Trend analysis: BTC / USD (Bitcoin)
Updated
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9600.
Since the end of last month, we have observed a price correction of BTC / USD to the level of $6820. At the moment we are watching the market, waiting for confirmation of the end of the correction up. For us, an important level of cancellation of Bitcoin's asset growth will be a price reduction below the $6100-$6000 zone.
Current situation:
An important level of cancellation of the growth of Bitcoin's price will be its decline below the $6100- $6000 zone.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $6270;
2. $6410;
3. $6510;
4. $6610;
5. $6816;
6. $7400 (midterm).
Support levels:
1. $6121;
2. $5939;
3. $5779;
4. $5300.
Forecast:
We follow the price of Bitcoin. If the price falls below $6100- $6000, we will consider short trades, in the direction of the trend.
Since the end of last month, we have observed a price correction of BTC / USD to the level of $6820. At the moment we are watching the market, waiting for confirmation of the end of the correction up. For us, an important level of cancellation of Bitcoin's asset growth will be a price reduction below the $6100-$6000 zone.
Current situation:
An important level of cancellation of the growth of Bitcoin's price will be its decline below the $6100- $6000 zone.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $6270;
2. $6410;
3. $6510;
4. $6610;
5. $6816;
6. $7400 (midterm).
Support levels:
1. $6121;
2. $5939;
3. $5779;
4. $5300.
Forecast:
We follow the price of Bitcoin. If the price falls below $6100- $6000, we will consider short trades, in the direction of the trend.
Note
Trend analysis: BTC / USD (Bitcoin)Bitcoin trend remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9600.
We are waiting for confirmation of the end of the correction upwards, the forecasted level of completion of the correction on BTC / USD is the price zone: $7400- $7600. As for us, an important level of cancellation of Bitcoin's asset growth will be a price reduction below the $6100- $6000 zone.
Current situation:
An important level of cancellation of the growth of Bitcoin's price will be its decline below the $ 6100- $ 6000 zone. Today we expect Bitcoin to rise to $ 6410.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
1. $6410;
2. $6510;
3. $6610;
4. $6816;
5. $7400 (midterm).
Support levels:
1. $6121;
2. $5939;
3. $5779;
4. $5300.
Forecast:
The rise in the price of Bitcoin from the $ 6200- $ 6250 zone to the price zone is $ 6410- $ 6510.
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