Bitcoin - Buyers Are Still In Control
Updated
BTCUSD is reversing every single rejection of the previous all time high which we saw over the past couple of months, clearly showing that buyers are still overall in control of Bitcoin.Click link above to see detailed analysis👆🏻
For a couple of months in a row, Bitcoin has been retesting the previous all time high which was created back in 2021 but was not able to break it towards the upside sustainably. However it is quite likely that we will soon see a bullish breakout considering that investors are literally buying every single dip and traders are too hesitant to sell their positions.
Levels to watch: $60.000
Keep your long term vision,
Philip - BasicTrading
Trade active
Quick update on Bitcoin:
We are currently witnessing a quite bullish consolidation on Bitcoin. For a couple months in a row, Bitcoin retested the previous all time high and bears were not able to push price much lower from here. Market structure remains clearly bullish so far.
Levels to watch: $65.000
Click chart above to see the detailed analysis👆🏻
Trade active
Trading update on Bitcoin (BTCUSD):
Click chart above to see the detailed analysis👆🏻
Bitcoin was basically able to reverse the entire 25% drop which we saw during the beginning of August. This is simply very bullish price action and if Bitcoin even manages to close green on the month, new all time highs will follow soon.
Levels to watch: $70.000
Keep your long term vision,
Philip (BasicTrading)
😴|Swing Trader
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
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.