As we all see in the previous days, Bitcoin climbs from the 47k USD to almost 52k USD.
According to the chart we see ( Technical Analysis ) the price moving in an ascending channel, but for the moment we will see a slow retracement between the 50K USD and 49.5K USD levels and may go bellow and retrace at the 48k USD support level for a while as we can see in the 4h chart and the daily chart.
And we can confirm that with 50 MA who crosses the 128 MA and 200 MA up, and take as example the previous cross, we can conclude the price will go up for a while
Ps: We may see a great price explosion in the next few days due to the investors encouragement in buying Bitcoin because of the SEC who will not follow CHINA and ban Bitcoin
According to the chart we see ( Technical Analysis ) the price moving in an ascending channel, but for the moment we will see a slow retracement between the 50K USD and 49.5K USD levels and may go bellow and retrace at the 48k USD support level for a while as we can see in the 4h chart and the daily chart.
And we can confirm that with 50 MA who crosses the 128 MA and 200 MA up, and take as example the previous cross, we can conclude the price will go up for a while
Ps: We may see a great price explosion in the next few days due to the investors encouragement in buying Bitcoin because of the SEC who will not follow CHINA and ban Bitcoin