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VanP11

BTC Analysis 7th August 2021

Bitcoin (COINBASE:BTCUSD)  
VanP11  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Fundamental Analysis BTCUSD btcusdforecast btcusdidea btcidea btcusdanalysis
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AS the chart tell us BTC price on 7th August 2021

BTC already break sideway range zone 30.000-40.800
BTC break out downtrend line from 64.000 which have three touching point 64.000 , 59.000, 42.000
BTC is testing the MA200 on Daily Chart around 44860

Senario 1: Fail MA200 testing 40000-42300 price zone then up again.
Senario 2: Break MA200 , heading to 49.000-51.000

Personal opinion: Strong sell around 49.000-51.000 price zone, since it would confirm the uptrend or not
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