WILL BITCOIN CRASH TO 16K SUPPORT?
Check out the trade plan for BTC today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
The price of Bitcoin has failed on the key level as shown on the chart. Now BTC is on an important supported area holding 18.7k. Here we should keep an eye to see if the price will continue the bullish reversal respecting the support one more time or if the price will go deep for another supported area. The next support is close to 16.2k where I have spotted that this 16.2k has brought up a huge buying pressure in the short run during the 2020 Bull Run.
Check the chart below 👇🏻
Right now we can see some strong bullish play on the 18.7k support while we cannot expect this to remain the same for the next few days. Also, we have seen a huge sell-off at 20k happened by forming a long spike to the upside on the daily timeframe.
Check the chart below 👇🏻
The price of Bitcoin has failed on the key level as shown on the chart. Now BTC is on an important supported area holding 18.7k. Here we should keep an eye to see if the price will continue the bullish reversal respecting the support one more time or if the price will go deep for another supported area. The next support is close to 16.2k where I have spotted that this 16.2k has brought up a huge buying pressure in the short run during the 2020 Bull Run.
Check the chart below 👇🏻
Right now we can see some strong bullish play on the 18.7k support while we cannot expect this to remain the same for the next few days. Also, we have seen a huge sell-off at 20k happened by forming a long spike to the upside on the daily timeframe.
Check the chart below 👇🏻
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