BTCUSD
New forecast
Bitcoin, the largest digital currency in the world, trade in the narrow area between the support zone 24828 - 25820 and resistance zone 28345-28900 and its trading between them sine 20 Aug
After it failed to breaching the support zone many times .
Technical Abstract :
as we see in the chart the price of BTC trade at the bullish channel for a long time and now trade above strong support zone 24828 - 25820 level.
so now we expect that as long as price trade above that zone the price will rise up and build a positive momentum for long term and our target will be 28902 and above that will reach 31044 .
Therefore the bullish trend scenario will be remain valid effective supported by bullish channel and strong support zone ,Remembering that stabilized under 24828 will end the bullish attempts and will start the negative attempts.
Support line : 25820 , 24828
Resistance line : 28345 , 28902
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
Bitcoin, the largest digital currency in the world, trade in the narrow area between the support zone 24828 - 25820 and resistance zone 28345-28900 and its trading between them sine 20 Aug
After it failed to breaching the support zone many times .
Technical Abstract :
as we see in the chart the price of BTC trade at the bullish channel for a long time and now trade above strong support zone 24828 - 25820 level.
so now we expect that as long as price trade above that zone the price will rise up and build a positive momentum for long term and our target will be 28902 and above that will reach 31044 .
Therefore the bullish trend scenario will be remain valid effective supported by bullish channel and strong support zone ,Remembering that stabilized under 24828 will end the bullish attempts and will start the negative attempts.
Support line : 25820 , 24828
Resistance line : 28345 , 28902
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UPDATE
The price perfectly fulfills my last idea and price reached to our target
as we expected from the previous ide the price will rise up and already reached to the resistance zone 28330 - 28902 so to be continue at the bullish trend should stable above that zone and then we will se more bullish trend and will open the way to rise up more ,so the main condition to be continue at the bullish trend is stabilized above 38902 .