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PolarHusk
Oct 22, 2021 7:47 PM

BTC/USD (Test Previous Resistance?) 

Bitcoin / U.S. dollarBitstamp

Description

💎Technical Analysis Summary💎


BTC/USD

-Bitcoin hit a new ATH recently but seems like a minor profit taking oppurtunity for others
-The price is now testing the 60k physiological support level and previous resistance area
-If BTC will consolidate within this support area and hold this level for a few days or weeks
-Then, another potential to break into a new ATH level is expected next month
-For the altcoins view, the BTC Dominance value started decreasing
-Which will give the Alts a breather to recover and potentially have their time
-I'm still into swing trades and will add more new positions once I see the good market condition
-Good luck everyone and stay safe!




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Comments
UnitedSignals
Thank you for your analysis!
PolarHusk
@UnitedSignals, thanks too
InkyGrip
Interesting chart!! thanks! 🦐
PolarHusk
@plancton0618, thanks!
MMBTtrader
agree 60K is now important zone
PolarHusk
YMGroup
Great Analysis as Usual :)
AtlasTrades
good one !
Professional_Crypto_Analytics
The best chart thanx !
graphbullS
Well composed idea
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