Bitcoin MARKET UPDATE
Bitcoin support levels - $16000 and $15600 strong Support
(Buyers)
Bitcoin resistance - $16,300 and $16,600 strong resistance
(Sellers)
As you know Market depends upon Bitcoin movement so trade with risk management.
———————————————————————
Analysis -
BTC Suport is at $16000 and Strong support is at $15,600. Resistance is at $16,300 and $16,600. Trade carefully and manage your risk according to mentioned support and resistance levels.
BTC closed its daily candle red at $16212.
Looking at 1 hour chart, BTC bounced back from $16,000 support indicating there are signifcant buyers around this level and got resistance from $16,300 . Sideways movement can be expected between this range $16,000 and $16,300 for sometime. Be careful and watch volume. Next immediate support after $16,000 will be around $15800.
Bitcoin support levels - $16000 and $15600 strong Support
(Buyers)
Bitcoin resistance - $16,300 and $16,600 strong resistance
(Sellers)
As you know Market depends upon Bitcoin movement so trade with risk management.
———————————————————————
Analysis -
BTC Suport is at $16000 and Strong support is at $15,600. Resistance is at $16,300 and $16,600. Trade carefully and manage your risk according to mentioned support and resistance levels.
BTC closed its daily candle red at $16212.
Looking at 1 hour chart, BTC bounced back from $16,000 support indicating there are signifcant buyers around this level and got resistance from $16,300 . Sideways movement can be expected between this range $16,000 and $16,300 for sometime. Be careful and watch volume. Next immediate support after $16,000 will be around $15800.