Long

Trading plan: BTCUSD (Bitcoin)

Updated

Current situation:
The Bitcoin rate did not break the bearish trend. But, we are forecasting a bounce of Bitcoin prices today.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 7260;
$ 6850;
$ 6615;
$ 6441.
Support levels:
$ 6125;
$ 6000;
$ 5785.
Forecast:
We stick to the previous forecast - the increase in Bitcoin's price from the level of $ 6125 to $ 6441.

Note

Trend Analysis: BTC / USD (Bitcoin)

The 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. The forecasted level of the end of correction for 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:
Bitcoin quotation is traded in the consolidation: $6100- $6300. 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's price to rise to $6410- $6510.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, 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 of Bitcoin's price from the consolidation zone of $6200- $6300 to the price zone of $6410- $6510.

VARZAR_INVESTMENT

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