BTCUSD
New forecast
Bitcoin digital credit points increased by 3% during this week trading, achieving its gains for the second day in a row, recording the highest level in a week, in light of the positive sentiment that dominates the asset market.
This is amid growing hopes about the possibility of regulatory authorities in the United States approving the release of a Bitcoin investment fund traded in the “ETF” index during the few periods of suspension.
Technical abstract :
The price of Bitcoin (BTCUSD) did not show any strong movement yesterday, maintaining its stability above the 28345 level, which keeps the bullish trend scenario valid for the coming period, supported by the moving average 50, remembering that our expected targets start at 29255.00 and extend to 30000 , and our target will be activate when price stabilized above 28902 .
On the other hand, you should be aware that breaking and stability under 28345 will stop the expected rise and put pressure on the price to decline again.
The expect range trading for this week will be between resistance line 30018 and support line 28345
support line :28345 , 27987
resistance line : 28902 , 29293
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
Bitcoin digital credit points increased by 3% during this week trading, achieving its gains for the second day in a row, recording the highest level in a week, in light of the positive sentiment that dominates the asset market.
This is amid growing hopes about the possibility of regulatory authorities in the United States approving the release of a Bitcoin investment fund traded in the “ETF” index during the few periods of suspension.
Technical abstract :
The price of Bitcoin (BTCUSD) did not show any strong movement yesterday, maintaining its stability above the 28345 level, which keeps the bullish trend scenario valid for the coming period, supported by the moving average 50, remembering that our expected targets start at 29255.00 and extend to 30000 , and our target will be activate when price stabilized above 28902 .
On the other hand, you should be aware that breaking and stability under 28345 will stop the expected rise and put pressure on the price to decline again.
The expect range trading for this week will be between resistance line 30018 and support line 28345
support line :28345 , 27987
resistance line : 28902 , 29293
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
BTCUSD
New forecast
The price perfectly fulfills my last idea and price reached to our second target and still on the way to third target .
The price of BTC/Dollar confirmed that it was affected by the dominance of the bullish tendency in the current trading with its continued position above the moving average 50, stable at 34300. We notice that it sneaked above support zone and continue attacked the main resistance zone .
Therefore , we expect the bullish tendency will be remain valid and affective as long as price trade above the support zone at the 28081 - 28902 supported by moving average 50 we prefer the tendency until reach our third target and main resistance zone at the 31044 level, also its possible to do a retest to 29293 and then rise up again , taking into account that stabilized below 28081 level will postponed the bullish attempts and force the price to show a negative trading .
The expect range trading for this week will be between resistance line 31044 and support line 28902.
support line : 29293 , 28081
resistance line : 31044 , 33022
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BTCUSD
New forecast
The price perfectly fulfills my last idea and price reached to our second target and still on the way to third target .
The price of BTC/Dollar confirmed that it was affected by the dominance of the bullish tendency in the current trading with its continued position above the moving average 50, stable at 34300. We notice that it sneaked above support zone and continue attacked the main resistance zone .
Therefore , we expect the bullish tendency will be remain valid and affective as long as price trade above the support zone at the 28081 - 28902 supported by moving average 50 we prefer the tendency until reach our third target and main resistance zone at the 31044 level, also its possible to do a retest to 29293 and then rise up again , taking into account that stabilized below 28081 level will postponed the bullish attempts and force the price to show a negative trading .
The expect range trading for this week will be between resistance line 31044 and support line 28902.
support line : 29293 , 28081
resistance line : 31044 , 33022
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
Trade closed: target reached:
BTCUSD
New forecast
The price perfectly fulfills my last idea and price reached to our third targets .
The price of Bitcoin (BTCUSD) opened today’s trading with a strong upward surge, exceeding our suggested target at 31044 and reaching the 35048 barrier quickly, opening the way for a continuation of the rise in the immediate and short term, as it moves within the ascending channel shown in the chart above, which supports opportunities for achieving additional gains. It starts at 35,757 and extends to 37,000.
From here, the upward trend will remain valid and effective, supported by the 50 moving average, which carries the price from below, taking into account that breaking 33022 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for this week will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BTCUSD
New forecast
The price perfectly fulfills my last idea and price reached to our third targets .
The price of Bitcoin (BTCUSD) opened today’s trading with a strong upward surge, exceeding our suggested target at 31044 and reaching the 35048 barrier quickly, opening the way for a continuation of the rise in the immediate and short term, as it moves within the ascending channel shown in the chart above, which supports opportunities for achieving additional gains. It starts at 35,757 and extends to 37,000.
From here, the upward trend will remain valid and effective, supported by the 50 moving average, which carries the price from below, taking into account that breaking 33022 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for this week will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
