Bitcoin, BTC MARKET UPDATE
Bitcoin support levels - $21,000 and $20,800 strong Support (buyers available at this position )
Bitcoin resistance - $21,600$ and $22,000 strong resistance (sellers available at this position)
You need to trade according to bitcoin update because market depends upon Bitcoin movement so trade with risk management.
———————————————————————
Analysis -
BTC closed its daily candle green at $21,148.
Bitcoin Follows a double-bottom pattern and showed a positive movement. Also, break the resistance level of $21k and the Price is now Holding above 21,000$
Next Major resistance is near $21,900. RSI is also in the overbought area so we may see some retest in Bitcoin price.
According to CryptoCompare’s 2022 Outlook Report, Bitcoin users with over 10,000 BTC in their wallets have also seen an increase, which is likely a result of growing institutional adoption
Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels.
Bitcoin support levels - $21,000 and $20,800 strong Support (buyers available at this position )
Bitcoin resistance - $21,600$ and $22,000 strong resistance (sellers available at this position)
You need to trade according to bitcoin update because market depends upon Bitcoin movement so trade with risk management.
———————————————————————
Analysis -
BTC closed its daily candle green at $21,148.
Bitcoin Follows a double-bottom pattern and showed a positive movement. Also, break the resistance level of $21k and the Price is now Holding above 21,000$
Next Major resistance is near $21,900. RSI is also in the overbought area so we may see some retest in Bitcoin price.
According to CryptoCompare’s 2022 Outlook Report, Bitcoin users with over 10,000 BTC in their wallets have also seen an increase, which is likely a result of growing institutional adoption
Volume is low due to global financial markets being closed at weekends. Trade carefully and manage your risk according to mentioned support and resistance levels.