BitcoinLong
Bitcoin price analysis
According to Bitcoin chart data on daily time frame
Bitcoin is in the support zone (red zone).
My personal analysis:
According to the following analysis, which is related to the total market and dominance of Bitcoin
https://www.tradingview.com/chart/TOTAL/3JowNkok-Total-marketcap-analysis/
https://www.tradingview.com/chart/BTC.D/f0lNLAji-Bitcoin-Dominance-Analysis/
As indicated in the chart (blue circles), the price has broken its two hundred day average and entered the upward phase, and then the pullback has hit the two hundred day average again.
According to the price performance in the Bitcoin chart and the Total Market and Dominance Bitcoin analyses, I expect the price to grow up to the specified areas (purple areas).
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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.