Bitcoin | What should you expect from BTC today?
Updated
Bitcoin | What should you expect from BTC today?
Since the previous analysis that we are following BTC, we have seen it advancing
with small steps and big steps as well and all the time the pullback was big.
Nevertheless, the price is still holding the bullish volume and this is a good thing
for our trades.
Yesterday the price reached one of our support areas that I was expecting for the first
price reaction and we can see that BTC bounced up again after all the reversal area was tested.
Today we have also FOMC and I am not expecting anything big at all because the U.S didn't
recover only in 1 month. But yes they can speculate with the NFP data that came out good for the
previous month.
From the technical perspective, the price should move up again.
Thank you and Good Luck!
Since the previous analysis that we are following BTC, we have seen it advancing
with small steps and big steps as well and all the time the pullback was big.
Nevertheless, the price is still holding the bullish volume and this is a good thing
for our trades.
Yesterday the price reached one of our support areas that I was expecting for the first
price reaction and we can see that BTC bounced up again after all the reversal area was tested.
Today we have also FOMC and I am not expecting anything big at all because the U.S didn't
recover only in 1 month. But yes they can speculate with the NFP data that came out good for the
previous month.
From the technical perspective, the price should move up again.
Thank you and Good Luck!
Note
Previous Analysis!
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