Bitcoin Technical Analysis:-
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BTC Update:-
Bitcoin (BTC) continued to trade above $21,000 during Wednesday’s session, as markets consolidated following recent declines.
On Monday, BTC/USD slipped to a low of $20,955.14, however prices have since rebounded trading higher for the past two days.
Wednesday saw bitcoin hit an intraday high of $21,646.20, which is marginally above the current resistance point of $21,600.
Following the brief breakout of the ceiling, prices have since dropped, with BTC trading at $21,481.52 as of writing.
Earlier gains have eased as bulls opted to secure previous profits, opposed to maintaining their positions close to the point of uncertainty.
Overall, it appears that bitcoin bulls are aiming to recapture the $22,000 point, however they must first overcome this current resistance.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC Update:-
Bitcoin (BTC) continued to trade above $21,000 during Wednesday’s session, as markets consolidated following recent declines.
On Monday, BTC/USD slipped to a low of $20,955.14, however prices have since rebounded trading higher for the past two days.
Wednesday saw bitcoin hit an intraday high of $21,646.20, which is marginally above the current resistance point of $21,600.
Following the brief breakout of the ceiling, prices have since dropped, with BTC trading at $21,481.52 as of writing.
Earlier gains have eased as bulls opted to secure previous profits, opposed to maintaining their positions close to the point of uncertainty.
Overall, it appears that bitcoin bulls are aiming to recapture the $22,000 point, however they must first overcome this current resistance.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
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