bitcoin managed to established $4000 Range
The CNY has been highly active in crypto investment despite the country's trade ban on cryptos. The Coinlib data showed the capital inflow was directed into Bitcoin, making CNY among the top fiat currencies.
Meanwhile, a single Bitcoin is trading at current price $4,085.10 and remains 2.0% high. Meanwhile, the StochRSI is at the boundary of overbought territory proposing a test pullback, although the 20 EMA is moving below price level, indicating a strong bull. The resistance lines are at 4100, 4221.00 and 4383.60, while the support line is at 4001.6.
Sentiment analysis: Neutral
Meanwhile, a single Bitcoin is trading at current price $4,085.10 and remains 2.0% high. Meanwhile, the StochRSI is at the boundary of overbought territory proposing a test pullback, although the 20 EMA is moving below price level, indicating a strong bull. The resistance lines are at 4100, 4221.00 and 4383.60, while the support line is at 4001.6.
Sentiment analysis: Neutral
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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.