Bitcoin / TetherUSShort
Bitcoin Dump 12000$ ?
CRYPTO MARKET UPDATE
Bitcoin support levels - $16,700 and $16,300 strong Support
Bitcoin resistance - $17,300 and $17,800 strong resistance
———————————————————————
Analysis -
BTC Support is at $16,700 and $16,300. Resistance is at $17,300 and $17,800. Trade carefully and manage risk according to mentioned support and resistance levels.
BTC closed its daily candle green at 16895.
Looking at the 1-hour timeframe, 50 MA has been able to provide support to BTC which is around $16,700. 200 MA resistance is around 17,100. BTC needs a high volume to successfully break out from 200 MA resistance. If BTC is unable to maintain 16700 support then there will be a higher probability towards testing of the next support which is at 16,300.
Bitcoin support levels - $16,700 and $16,300 strong Support
Bitcoin resistance - $17,300 and $17,800 strong resistance
———————————————————————
Analysis -
BTC Support is at $16,700 and $16,300. Resistance is at $17,300 and $17,800. Trade carefully and manage risk according to mentioned support and resistance levels.
BTC closed its daily candle green at 16895.
Looking at the 1-hour timeframe, 50 MA has been able to provide support to BTC which is around $16,700. 200 MA resistance is around 17,100. BTC needs a high volume to successfully break out from 200 MA resistance. If BTC is unable to maintain 16700 support then there will be a higher probability towards testing of the next support which is at 16,300.
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.