Bitcoin MARKET UPDATE
1: Bitcoin support levels - $16,300 and $160,00 strong Support (buyers available).
2: Bitcoin resistance - $16,800 and $17,000 strong resistance (selling area).
Crypto market depends upon Bitcoin movement so we updated you about Bitcoin now trade with risk management.
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Analysis -
BTC Support is at $16,300 and $16,000. Resistance is at $16,800 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle green at $16,600.
Looking at 1 hour timeframe, BTC is just above 200 EMA resistance and is trying to break $16,600 resistance. Further confirmation is required if 200 EMA is to become support. RSI is at 60 and Stoch RSI suggests an upward move therefore there are higher possibilities of testing $16,800 resistance.
1: Bitcoin support levels - $16,300 and $160,00 strong Support (buyers available).
2: Bitcoin resistance - $16,800 and $17,000 strong resistance (selling area).
Crypto market depends upon Bitcoin movement so we updated you about Bitcoin now trade with risk management.
———————————————————————
Analysis -
BTC Support is at $16,300 and $16,000. Resistance is at $16,800 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle green at $16,600.
Looking at 1 hour timeframe, BTC is just above 200 EMA resistance and is trying to break $16,600 resistance. Further confirmation is required if 200 EMA is to become support. RSI is at 60 and Stoch RSI suggests an upward move therefore there are higher possibilities of testing $16,800 resistance.