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Btcdominance

BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Looking at the daily timeframe, the last week’s rally has come to a halt, as the price is yet to break above the $21K mark. The 100-day moving average is currently acting as an obstacle, rejecting the price to the downside. Thus, a short-term correction has seemingly begun over the last couple of days, and the price may retest the 50-day moving average, located around the $19,500 level, which would be considered a significant dynamic support level. In case of a pullback to the 50-day moving average and an eventual bullish breakout above the 100-day moving average, the significant $24K resistance level and the 200-day moving average, trending around the same area, would be the next likely targets for the rally. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
Bitcoin (BTC) - November 2Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D Chart) When the gap rises, it is judged that funds have flowed into the coin market. (USDC 1D Chart) When the gap falls, it is judged that funds have flowed out of the coin market. The coin market is expected to maintain an uptrend due to the inflow of funds through USDT, but if the outflow of funds through USDC continues, this will limit the uptrend. (BTC.D 1D Chart) As BTC Dominance touches the 39.56-40.44 range, the chances of significant volatility are increasing. Accordingly, you should be careful when trading. A decline in BTC dominance means that funds are being concentrated towards altcoins. --------------------------------------- (BTCUSDTPERP 1D Chart) The price needs to remain above the HA-High indicator to continue the uptrend. Therefore, it should be supported and ascend in the 20337.0-20662.9 section. However, as the resistance section is formed over the 20794.4-21826.1 section, it is expected that the upward trend will continue when it rises above this section. If it declines, the MS-Signal indicator is passing near 20122.5, so it is necessary to check whether support is found near 20122.5. A decline in BTC dominance could cause BTC price to move in unexpected directions. This movement is one of the factors to be aware of when trading altcoins, as it can be the cause of limiting the uptrend of the coin market. Currently, BTC is on an upward trend. Therefore, I think there is room for an uptrend. However, caution is warranted as even a small drop in the price of BTC could lead to a larger decline in the price of altcoins. Since the HA-Low spot on the 1W chart was formed at the 19520.2 point, BTC is likely to move higher unless it touches above this point. The next volatility period is around November 10th. (1h chart) The trend is expected to continue depending on whether support or resistance is found around the circled area. It shows the intersection of the bullish channel and the bearish channel. Therefore, it is judged that the new entry is in a difficult section. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Bitcoin has formed a bearish triangle pattern and found support at the lower boundary near the $18K range until it recently broke above the triangle. Typically, a breakout from the upper edge of a bearish triangle is considered a bullish signal for the price. However, the market conditions are slightly different now, with some significant resistance levels over the near term. The 100-day moving average of $20.8K is the main barrier for Bitcoin, as the price is struggling to hold above this level after a few failed attempts. Optimism will likely return to the market if the price successfully exceeds this level. Nevertheless, there is a higher chance that Bitcoin will get rejected at this level and plummet based on the lower timeframe price action. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
2
Bitcoin (BTC) - October 30Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D Chart) (USDC 1D Chart) (BTC.D 1D Chart) If BTC Dominance drops below the 39.56-40.44 range, there is a high probability of large volatility. (USDT.D 1D Chart) A decline in USDT dominance is likely to lead to an uptrend in the coin market. So, the question is whether the decline can continue towards 6.06. ----------------------------------------- (BTCUSDT 1D Chart) The key is whether it can be supported by rising above the 20798.16 section. If the uptrend continues to fail, it is likely to move towards the 2005.02 level. A drop below 20050.02 and find resistance should be cautious as this could lead to further declines. At this time, it is expected that the uptrend can continue only when it is supported near 19695.87. If it finds support and moves higher near 20663.25, I expect an attempt to move higher above 21360.11. The next volatility period is around November 7. However, there is a high chance that a whipso will occur around October 31st. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
6
SELL House & BUY Bitcoin Now 🔥🔥🔥🔥🔥Hello Traders, frm last few weeks we are seeing significant drop in dollar index and overall global markets are immediately recovering. This is the perfect time to buy bitcoin, crypto market has already dumped 90-95% and i dont expect any major downfall frm here, if there was downfall to happen it must be happened 3 months ago bt btc sustained well and went in a strong accumulation. now we are seeing hard reversal in top crypto coins which is indicating in December 2022 we are going to see good rally upside. Bitcoin Halving: BTC halving is one of the biggest event happens every 4years, next halving will be occurred on 16 April 2024. Just 535 days are remaining before tht we are going to see huge liquidity in the market and global acceptance for crypto. mark my words btc is going to test 100000 USD before halving event. always have a longterm vision for btc it will never disappoint u. just waaana say BUY BTC thts yet.....
Long
by Rohit_Shinde
BTC.Dominance Elliott Waves Analysis (Local Expectations)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last (LONGTERM) idea. I am waiting for a slight correction, after which we will get a movement to the ~44% area in wave (ii), then I am waiting for a global decrease to the 30-35% area. Target zone: 35-30% cancellation of fall - consolidation fix price above 48%. Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DShort
by trytofeelpositive
7
#BTC/USDT 4HOUR UPDATE !!Hello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-The 4-hour chart paints a clearer picture of potential short-term targets for Bitcoin. After weeks of consolidation, the price has finally broken above the $20K resistance level, turning it into a potential support area. The recent rally was launched after an impulsive bullish breakout from the bearish trendline, and the market is now trying to hold above $20K. If this level remains intact, a continuation toward $22,500 would be likely. However, the RSI indicator should be closely monitored as it shows massive overbought signals, pointing to a potential reversal. In this case, the recent rally would be considered another bull trap and fake breakout, which would result in the price descending back toward the $18K support area. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. thank you.
COINBASE:BTCUSD
by CryptoSanders9563
2
Bitcoin (BTC) - October 26Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTC.D 1D Chart) For the coin market to continue its upward trend, BTC price must rise first. In order to do that, we need to show that the funds are concentrating towards BTC. If funds are concentrated towards BTC, BTC dominance will rise. (USDT.D 1D Chart) This is because a decline in USDT dominance is likely to lead to an uptrend in the coin market. (NAS100USD 1D Chart) If it stays above 11373.2 until around October 28, it is expected to move higher around 11942.9-12119.2. If not, it is necessary to check if support is provided in the 1.13 (10689.2)-0.886 (11344.2) range, which is the right-hand Fibonacci ratio range. ----------------------------------------- (BTCUSDT 1D Chart) The key is whether the price can be maintained in the 20050.02-20131.46 range or higher. In order to continue the upward trend, it must rise above the HA-High indicator. However, since it is close to the resistance section of 20798.16-21838.98, it is expected that the uptrend can be continued only after receiving support from the 20798.16-21838.98 section. If it falls below 20050.02 and finds resistance, we should check to see if it finds support near 19695.87. This is because a decline below 19695.87 is likely to lead to a bigger decline. Bollinger Bands continue to contract and converge. Therefore, we must not forget that the current sideways trend has been maintained. To get out of the sideways section, it must rise above 21475.02 or fall below 18353.11. The next volatility period is around November 7. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
BTC/USDT 6HOUR UPDATEHello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS : 4-Hour Chart Since mid-June, the price has been lodged in a constant range between the $25K level and $18K. During this period, $20.5K turned into a significant resistance which has repeatedly rejected the price. However, there is clear inefficiency between the $20.9K and the $22K levels. The market would typically use these inefficiencies to form its next big move. Hence, the most likely scenario for Bitcoin in the upcoming days seems to be using this imbalance and then developing another bearish move toward the $18K level. If the support fails to hold, the $16K level will be a possible scenario on the table for the cryptocurrency. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
3
Bitcoin (BTC) - October 24Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTC.D 1D Chart) For the coin market to continue its upward trend, BTC price must rise first. In order to do that, it must show that the funds are concentrated towards BTC. If funds are concentrated towards BTC, BTC dominance will rise. (USDT.D 1D Chart) The key is whether USDT dominance declines when BTC dominance rises. This is because a decline in USDT dominance is likely to lead to an uptrend in the coin market. However, if BTC dominance rises sharply, altcoins may rather fall or go sideways, so be careful. (NAS100USD 1D Chart) If it stays above 11373.2 until around October 28, it is expected to move higher around 11942.9-12119.2. If not, it is necessary to check if support is provided in the 1.13 (10689.2)-0.886 (11344.2) range, which is the right Fibonacci ratio range. ----------------------------------------- (BTCUSDT 1W Chart) The key is whether the price can be maintained above 20050.02 by moving along the uptrend line (2). (1D chart) In order to transition into an uptrend, the price must remain above the HA-Low indicator. For that to happen, it needs to rise above 19695.87 for support. October 22-24 is a period of volatility. So, if it goes down, it is important to see support above the uptrend line (1), 19366.86. In order to continue the upward trend, it must rise above the HA-High indicator. To do that, you need to climb around 20798.16. However, the 20798.16-21838.98 section is a resistance section, so it is expected that the upward trend will continue when it rises above this section. We need to see if we can move higher than 20131.46 before moving towards 20798.16. ----------------------------------------- A new indicator has been added to the volume indicator. If you look at the 'Vol & Trend' indicator, the background color consists of a part corresponding to orange and a part corresponding to aqua color. Orange indicates a high probability of an uptrend, while aqua indicates a high probability of a downtrend. The shaded portions of this color indicate a strong trend, and the shaded portions of the color indicate a weak trend. If we use this to explain the current trend of BTC price, we can interpret that it is maintaining a downtrend, but the downtrend is slowing down. The coin market is a market structure with different prices and trading volumes across multiple exchanges. Therefore, I think that analysis techniques using trend tracking are more suitable than the movement of trading volume in the coin market. However, we hope that you use the indicator in the sense that you can predict the change in the price trend to some extent due to the change in the trend of the trading volume. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
4
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS : 4-hour timeframe, the $18K and $20K levels still hold, and the price continues to oscillate in this tight range amid the $19K range. However, some bullish signs finally popped following the recent bullish rebound from the $18K level. The price seems to be creating a bullish flag pattern. If it plays out, this pattern indicates a potential bullish price leg towards the $20K resistance level, and a bullish breakout becomes probable. On the other hand, if the price breaks below the lower boundary of the pattern to the downside, the flag pattern would obviously invalidate. The RSI indicator also shows values around 50%, indicating that the momentum is currently indecisive. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. thank you.
COINBASE:BTCUSD
by CryptoSanders9563
2
Bitcoin price, USDT and BTC dominance, Altseason🔥 All here👇Analyzing the sluggish behavior of the BTCUSDT price, we came across an interesting fractal that has the right to live and work. Also, this fractal fits into the idea of the possible formation of a reversal pattern "Double Bottom" , which we wrote about in more detail in our previous idea: We now have two critical points on the Bitcoin price chart: $18000-18300 and $23400 1. Negative scenario - if sellers manage to confidently fix the BTCUSD price below $18000-18300, then the idea of a possible "Double Bottom" and the development of this fractal lose their meaning. And for the BTC price itself, the way is open for a fall to $14-12-10 thousand. 2. A positive scenario is the growth to the upper critical point of $23400, it will at least slightly refresh the cryptocurrency market, which is simply mired in a swamp and consolidation and is not interesting to new and fresh money. If buyers cannot break through this critical point upwards, then the exhausting consolidation will continue according to the red scenario (more details were written in the previous idea) 3. The most positive scenario is a breakout and consolidation of the BTC price above $23400 and $24700. Then the continued growth of the BTCUSDT price to $34500 by the end of 2022. When the BTC price and possibly some of the stronger Alts show at least 1-2 months of stable growth, this will be a great signal for "fresh" money. That it is time to enter the crypto market, which has come to life. And then the most interesting can begin - this is a strong alt-season from the beginning of 2023 until May 2023. While the BTCUSDT price will go into a "creeping growth" mode without sharp corrections, altcoins will begin to pump by "new" and sometimes "stupid" money. And this is pump, pump, pump, the main thing is guessing and reinvesting into the right altcoins. In the end, let's take a look at the charts of BTC Dominance and USDT Dominance There are two alt-seasons in our cryptocurrency trading memory: the super-powerful 2016-2017 and the DeFi boom of 2020-2021. As you can see, on the BTC.D chart, dominance was falling during the 2017 alt-season, dropping from 90%+ to 35%. In 20-21, the dominance was diluted by more cryptocurrencies, and the fall started from 70% to 40%. The logic is as follows: first, the money goes into a more stable asset BTC or ETH and their dominance grows. After, when crypto market participants see that the market has stabilized, and they can try to earn more %% than on the price movement of BTCUSDT or ETHUSDT, capital begins to flow from BTC to altcoins. Also, the value of USDT.D begins to fall in parallel. The high value of USDT dominance indicates that crypto market participants understand that at the moment it is safer "sit" in stablecoins than to invest in altcoins and sit in a drawdown. As soon as the value of USDT.D starts to fall, it means that BTC and various altcoins are being bought for USDT. If we summarize all our thoughts and assumptions writing above, we get the following possible scenario in the cryptocurrency market: 1. By mid-November 2022, the BTCUSDT price is growing more confidently than the prices of most altcoins. 2. From mid-November to the end of 2023, stronger and more stable altcoins join the growth. 3. From January to May 2023, the real alt season begins, where there will be Xs rise for everyone who wants it) And then "Sell in May and go away" _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
50
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS:-Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies. Following a high of $19,315.20 during Thursday’s session, BTC/USD slipped to an intraday low of $18,945.48 earlier today. The move pushed prices of the token towards a key support point of $18,900, as price strength also declined. Looking at the chart, the relative strength index (RSI) of 14-days collided with a floor of 40.50, and as of writing is set to move below 40.00. The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment. Should we see the RSI continue to trickle lower, there is a strong possibility that BTC could be trading below $18,000 this weekend. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSD
by CryptoSanders9563
1
#BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS:- daily timeframe, the price recently retested the broken, bearish trendline and the $18K support level. These levels provided enough support to prevent another dip toward lower prices. However, the 50-day moving average located at around $19K is persisting as a strong obstacle and is putting the brakes on a potential rally toward the $24K area. The 100-day moving average can also be considered a significant dynamic resistance that could reject the price in case of a bullish breakout from the 50-day MA. Right now, a positive trend cannot be anticipated before a break above these two levels and, eventually, the $24K static resistance. So, although the market has broken above the long-term bearish trendline, the continuation of a downtrend still remains the more probable scenario as the market structure is still far from bullish. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS:- Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550. Following a high of $19,655.75 on Tuesday, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 earlier today. Wednesday’s drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900. Bearish sentiment has largely been present during what many are calling “red October,” with BTC trading below $20,000 for the majority of the month thus far. Looking at the chart, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come. In addition to this, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 point. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
4
#BTC/USDT 4HR UPDATE!!Hello traders, As BTC still managed to trade inside a rising wedge pattern between a range of $18.4k to $20.6k. If we consider the shorter frame BTC just rejected from the upper resistance level which is mentioned in the chart and currently lists moving down again to its lower support zone of $19k, it needs to hold this level and again above otherwise break below will lead BTC again towards the lower support rage of $18.4k level. Let’s see how the price performs in the upcoming hours. Do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market. Timeframe: 3 days. Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%. That's it from my end. Thank you.
CRYPTOCAP:BTC.DLong
by Dexter_The_Trader
7
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs. Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day. Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500. Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) recently broke out of its resistance at 48.00. As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level. Should price strength continue to move towards this point, we will likely see prices move towards the $20,000 mark. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
#BTC/USDT 4HR UPDATE !!Hello traders, Till now BTC is performing well according to my last chart update, in the current scenario, BTC is trading below the upper resistance zone level of $19600 which it needs to break above to gain some % towards the price level of $21k. Rejection from the current level will lead BTC again to melt down towards the lower support zone of $18600. MACD also prints a bullish divergence, a positive signal for BTC to grow above. Let’s hope for the best and see how it goes in the upcoming hours will it be able to break above or not? So, do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
2