Bitcoin is healing??Goodmorning WORLD!
Bitcoin has had a little correction what is quite normal.. We see a uptrend trend channel on the 1 hour chart..
What we do see is when price reach the upper trend line in the trend channel price move back to the under trend line of trend channel.
It happend 2 times earlier..
Now the 3rd time we see a peak in the upper trend channel and the 2nd peak not getting higher than the 1st peak.. 2 double has been set and we make set in lower!
We test the extreme by breaking the 1st trend line (yellow) and then the 2nd the major trend line.. Look how the candles behave when reaching the major trend line.
They get all long with small bodies.. Applying that momentum is getting out of the drop of prices.. We see 3 candles setting the same ' bottom '
The recent price is testing the ' break out ' from bottom to top ...
What to expect from this point?
Some sideways action is possible.. to bring back a little equilibrium in ask and demand.. some accumulating and then push prices higher..
Butcoinusdt
Did Bitcoin rebound to 100,000 $ in the end of the year ?From the chart , Bitcoin strong trading falling from 53000$ , the support level 44750 $ will be good test point to put your stop loss .
Crypto Market cap above 2.03 trillion dollars , will support the bitcoin to rebound to 60,000 $ level and heading to 100,000 $ as many analysts in the world announce that .
Next resistance level will be 48130$ .
Remark : This is educational analysis and not considering financial advice.
Good luck
StocksCap.com
Btc Dominance #Dominence Bitcoin 1W
Btc Market Cap Broken Upper Trend Line. Now It's Showing That Just Coming For Retracement. If Dominance Price Again Start To Jump From Here.We Might Seee Again Alt Coin Bleeding. Don't Be Confuse. We Might Be Careful With Alt Coin. If You Get 20 - 50% Profit In Any Coin Just Try To Book Profit Or Use Trailing Stop-loss. If You Are A Mid Term Holder Then Hold It.
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