Bitcoin Technical Overview
Day Trading Range: $6410 - $6070
Day Resistance: $6365 - $6450 - $6480
Day Support: $6280 - $6200 - $ 6130
Technical Indicator:
MACD: MacD shows short term bullish volume.
Moving Avg: SMA20 is support Bitcoin at $6310, if break it than more down fall.
Most Likely Scenario: Short Bitcoin $6400 - $6450 with strong stop loss $6588 & target $6330 - $6250 - $6170 in extension.
Fundamental:
On the news front, regulatory news weighed on the crypto market in the early part of the, the decision by the SEC to suspend a number of cryptocurrency trading products adding fuel to the already negative sentiment seen across the cryptomarket.
While the bears will be looking towards this Thursday’s meeting, eyeing up sub-$6,000 levels, there are plenty of other drivers for investors to continue factoring in, these including ongoing SEC decisions and review of Bitcoin ETFs and other cryptomarket investment products and the much talked about unified G20 rules and regs.
Thanks
YoCryptoManic
Day Trading Range: $6410 - $6070
Day Resistance: $6365 - $6450 - $6480
Day Support: $6280 - $6200 - $ 6130
Technical Indicator:
MACD: MacD shows short term bullish volume.
Moving Avg: SMA20 is support Bitcoin at $6310, if break it than more down fall.
Most Likely Scenario: Short Bitcoin $6400 - $6450 with strong stop loss $6588 & target $6330 - $6250 - $6170 in extension.
Fundamental:
On the news front, regulatory news weighed on the crypto market in the early part of the, the decision by the SEC to suspend a number of cryptocurrency trading products adding fuel to the already negative sentiment seen across the cryptomarket.
While the bears will be looking towards this Thursday’s meeting, eyeing up sub-$6,000 levels, there are plenty of other drivers for investors to continue factoring in, these including ongoing SEC decisions and review of Bitcoin ETFs and other cryptomarket investment products and the much talked about unified G20 rules and regs.
Thanks
YoCryptoManic
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.
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.