BitcoinUpdated Bitcoin Analysis - Consolidation Mode
Hi traders,
I hope you're having a great weekend. Here is Bitcoin analysis - keep an eye on critical demand and supply levels shown in the chart.
Breakout from $6750 will take us to $7500 - $8000 levels again.
Please keep in mind that I don't trade Bitcoin, and prefer to trade altcoins only as they tend to give high profitability (% wise) then Bitcoin. However, understanding and analyzing Bitcoin movement is essential as its the market mover for most altcoins.
Best of luck,
Abdulla
I hope you're having a great weekend. Here is Bitcoin analysis - keep an eye on critical demand and supply levels shown in the chart.
Breakout from $6750 will take us to $7500 - $8000 levels again.
Please keep in mind that I don't trade Bitcoin, and prefer to trade altcoins only as they tend to give high profitability (% wise) then Bitcoin. However, understanding and analyzing Bitcoin movement is essential as its the market mover for most altcoins.
Best of luck,
Abdulla
Note
Note
Next key resistance is the trading range supply zone (top area) Note
Note
Bitcoin is creating a small trading range - a breakout will take us to higher numbers.
Note
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.