BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi Traders,

today we want to analyse our BTCUSD properly. We TradersClub24. Try to keep our Analysis simple and just focus on the price only.

We are looking into the Daily timeframe where we have a clear downtrend since june 2019. We had a lot of bad new regarding the

The last 24 Hours we had an trading volume of 2196.

High @ 9444$
Low @ 9255$

Very narrow trading range to be BTC the last 36 hours.

Only 200 USD range. The market is waiting for talks between China and the US in the trade war. The volume has shrinked in.

BTC is expected to spike around 10% - 15%. At this point we will retest the level of the down trendline first before we hit our target of 10.000 $

New resistance level is near 11.000K after we've successfully reached the level. We are looking into 14.000$ - 15.000$

What do you think guys ? We need to keep it very simple. This year the market has been very influenced by the economic news.

In cause you have couple questions please visit our youtube channel or visit our website.

Comments