Why Hello Investors and Traders!
My analysis shows that Bitcoin has some potential in moving to the upside as there are many factors out there including the Daily support level being held, increasing volume on the RSI and we have probably bottomed out as there is a lack of bearish contribution so this could be a sign we are seeing a move to the upside.
The previous touch on the support level resulted in a 20%+ move including a 30%+ move prior to that move. We are currently hovering over this level so its safe to say that it may be a good chance to buy in for some good profits.
REMEMBER! Be careful with how much leverage you decide to use if you do decide to buy a contract rather than the asset.
Disclaimer: This is not financial advice. This is just my opinion and you may use this information to help embed an idea on where Bitcoin may be headed. I am not responsible for your losses if you invest irresponsibly and make sure you only invest what you can afford to lose.
Happy Investing Everyone!
My analysis shows that Bitcoin has some potential in moving to the upside as there are many factors out there including the Daily support level being held, increasing volume on the RSI and we have probably bottomed out as there is a lack of bearish contribution so this could be a sign we are seeing a move to the upside.
The previous touch on the support level resulted in a 20%+ move including a 30%+ move prior to that move. We are currently hovering over this level so its safe to say that it may be a good chance to buy in for some good profits.
REMEMBER! Be careful with how much leverage you decide to use if you do decide to buy a contract rather than the asset.
Disclaimer: This is not financial advice. This is just my opinion and you may use this information to help embed an idea on where Bitcoin may be headed. I am not responsible for your losses if you invest irresponsibly and make sure you only invest what you can afford to lose.
Happy Investing Everyone!