#BTC #Bitcoin Analysis
Since the beginning of the year, we have seen Bitcoin far exceed the resistance of $ 30,000, something that was unlikely. Over the past few weeks several resistances have been broken, and following the same path, the same has happened in this one. This is due to the entry of different institutions taking advantage of the low volume and volatility of the weekends.
Analyzing the CME futures chart for Bitcoin, GAPs do not stop happening, in the image it is shown, the largest being the one that is being created now. Tomorrow's Monday opening will mark the final value for this GAP.
In addition, in all the charts analyzed with candles of 1H, 4H, 1D and 1W, Bitcoin is overbought. For the 1-week chart that we have been following in the channel for a long time, a break has been made at a major resistance point near $ 33,000. This break has yet to be confirmed, but we see likely that Bitcoin added to all factors may laterize at this point (as we see in 1H candles) showing great indeterminacy, with a rejection at the $ 30,000 support zone, pushing the price back.
The future of Bitcoin looks bullish on the price action, but the indicators mark an imminent correction. Do not rush to open your operations. Mark the probability of your addresses at the entrance and do not follow them, do not rush to drag the loss, with large movements in Bitcoin you must always stay safe, be smart and control your risk.
Analyzing the CME futures chart for Bitcoin, GAPs do not stop happening, in the image it is shown, the largest being the one that is being created now. Tomorrow's Monday opening will mark the final value for this GAP.
In addition, in all the charts analyzed with candles of 1H, 4H, 1D and 1W, Bitcoin is overbought. For the 1-week chart that we have been following in the channel for a long time, a break has been made at a major resistance point near $ 33,000. This break has yet to be confirmed, but we see likely that Bitcoin added to all factors may laterize at this point (as we see in 1H candles) showing great indeterminacy, with a rejection at the $ 30,000 support zone, pushing the price back.
The future of Bitcoin looks bullish on the price action, but the indicators mark an imminent correction. Do not rush to open your operations. Mark the probability of your addresses at the entrance and do not follow them, do not rush to drag the loss, with large movements in Bitcoin you must always stay safe, be smart and control your risk.
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