Over the weekend, the bitcoin price experienced another $1000 rise. The bullish sentiment among weekend traders caused the price to break through the monthly level of $23,301 and reach new heights. Currently, the price ranges below the weekly level of $24,297.5 after front-running the weekly naked point of control at $23,970 with a $3 margin.
The direction of...
Hello every one.
Bitcoin has formed a nice zig zag uptrend. I have drawn the trend support and resistance lines. So watch for breakouts above or below these levels. However, be careful with false breakouts. Remember to be patient and wait for confirmation candles. After all, buying at a higher price is better than falling for a bull trap, right? ;)
Happy trading