Bitcoin is currently trading around 58 900USD
Check daily chart. You can see nice uptrend - 21 days and 66% up.
Now we have probably correction - 7days and 13% down.
You can see the diferent - after 21days we have only 7days with downtrend.
Important point - in case of correction price should go up very soon again.
Strong support - 58 600USD, 50-52 000USD
Resistance - 64 000USD and 68 0000USD
Looks like bullflag formation - is important to break bearish resistance and then price could continue up.
Check daily chart. You can see nice uptrend - 21 days and 66% up.
Now we have probably correction - 7days and 13% down.
You can see the diferent - after 21days we have only 7days with downtrend.
Important point - in case of correction price should go up very soon again.
Strong support - 58 600USD, 50-52 000USD
Resistance - 64 000USD and 68 0000USD
Looks like bullflag formation - is important to break bearish resistance and then price could continue up.
Note
Monitoring two scenarios.1) daily close above 63k - then directly go up.
2) sideways range between 58-60 000USD
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.