Hi traders,
I hope you're having a great weekend. Here is Bitcoin analysis - keep an eye on critical demand and supply levels shown in the chart.
Breakout from $6750 will take us to $7500 - $8000 levels again.
Please keep in mind that I don't trade Bitcoin, and prefer to trade altcoins only as they tend to give high profitability (% wise) then Bitcoin. However, understanding and analyzing Bitcoin movement is essential as its the market mover for most altcoins.
Best of luck,
Abdulla
I hope you're having a great weekend. Here is Bitcoin analysis - keep an eye on critical demand and supply levels shown in the chart.
Breakout from $6750 will take us to $7500 - $8000 levels again.
Please keep in mind that I don't trade Bitcoin, and prefer to trade altcoins only as they tend to give high profitability (% wise) then Bitcoin. However, understanding and analyzing Bitcoin movement is essential as its the market mover for most altcoins.
Best of luck,
Abdulla
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Next key resistance is the trading range supply zone (top area)
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Comment:
Bitcoin is creating a small trading range - a breakout will take us to higher numbers.
Bitcoin is creating a small trading range - a breakout will take us to higher numbers.
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Comment:
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