A short-term Bitcoin analysis.
Hello, dear TradingView members.
This is a short-term Bitcoin idea.
So it has been months since we are still in this price range, and the price is still getting support from the 19K-20K.
There are two resistance levels on the way up and two support levels on the way down.
Based on the market volume and the RSI indicator, The price might reach this level and then get rejected.
And as you can see on the chart, sudden drops stopped by the Bollinger Band. So for now we need to ease into the corrections.
The following support is around the 13K levels, which is also vital; I will discuss it once we get there.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This is a short-term Bitcoin idea.
So it has been months since we are still in this price range, and the price is still getting support from the 19K-20K.
There are two resistance levels on the way up and two support levels on the way down.
Based on the market volume and the RSI indicator, The price might reach this level and then get rejected.
And as you can see on the chart, sudden drops stopped by the Bollinger Band. So for now we need to ease into the corrections.
The following support is around the 13K levels, which is also vital; I will discuss it once we get there.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
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