BITCOIN LONG POSITION TECHNICAL ANALYSIS
Updated
Bitcoin weekly candles are turning bullish
Can expect price to reach
31K approx. and can even push higher to 47k
- Rejecting 19.5k level which was previous resistance in December 2020!
- Candles near support have small wicks, signs of heaving buying at this level and price doesn't fall below area that much apart from first touching candle
- Signs of new buyers at this level as wicks are not long
exactly following my other bitcoin long term analysis!!!!
Can expect price to reach
31K approx. and can even push higher to 47k - Rejecting 19.5k level which was previous resistance in December 2020!
- Candles near support have small wicks, signs of heaving buying at this level and price doesn't fall below area that much apart from first touching candle
- Signs of new buyers at this level as wicks are not long
exactly following my other bitcoin long term analysis!!!!
Note
Highlighted circles are signs of resistance at this level!!!
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