Hello guys, in this technical analysis we see taht Bitcoin make a rejection of the price in the zone of $12,000 USD, because I have a explain of it.
In weekly timeframe, we see that Bitcoin have in the pass a important weekly zone and then, looking in the higher zone of Summer of 2019 Bitcoin is reaching in the zone of 12k and 13k, that zone are higher resistance to reach above of 14k.
And remember that in weekly the expectative is so bullish until near of $28,000 USD
Now, guys, if you're a Bitcoin holder, I can to say you or if you make a trading in Daily timeframe, in this overview, we coud to enfocous more what Bitcoin do. So, I believe that Bitcoin need to reach at $10,400 USD to validated this support zone, if Bitcoin get it to validated this support, easily, there are a possible boughts in hte lower zone of $10,400 USD.But more important is that Bitcoin is in the 0.382% of Fibonacci, for then, we need to check in H4 and H1 timefame in short term what Bitcoin make.
This is an overview of what we see a Bitcoi, and also, I show you the Fibonacci targets, I represent for you 5 targets to reach it using the Fibonacci trend. So, in more later I will going to you to bring a technical analysis in H4 and H1 timeframe to see waht Bitcoin do if there are any short position or long in the confluence in the 0.382% of Fibonacci
So, guys, I will going in long while Daily, because we see another opportunity to put in longs in Daily, that is the key of trend.
In weekly timeframe, we see that Bitcoin have in the pass a important weekly zone and then, looking in the higher zone of Summer of 2019 Bitcoin is reaching in the zone of 12k and 13k, that zone are higher resistance to reach above of 14k.
And remember that in weekly the expectative is so bullish until near of $28,000 USD
Now, guys, if you're a Bitcoin holder, I can to say you or if you make a trading in Daily timeframe, in this overview, we coud to enfocous more what Bitcoin do. So, I believe that Bitcoin need to reach at $10,400 USD to validated this support zone, if Bitcoin get it to validated this support, easily, there are a possible boughts in hte lower zone of $10,400 USD.But more important is that Bitcoin is in the 0.382% of Fibonacci, for then, we need to check in H4 and H1 timefame in short term what Bitcoin make.
This is an overview of what we see a Bitcoi, and also, I show you the Fibonacci targets, I represent for you 5 targets to reach it using the Fibonacci trend. So, in more later I will going to you to bring a technical analysis in H4 and H1 timeframe to see waht Bitcoin do if there are any short position or long in the confluence in the 0.382% of Fibonacci
So, guys, I will going in long while Daily, because we see another opportunity to put in longs in Daily, that is the key of trend.