All indications show that we will see the new ATH on Bitcoin
According to the graph, it is clear which areas were the most problematic for Bitcoin in these price areas. The first was the $ 16.8K resistance zone, which Bitcoin battled for almost two days. Subsequently, the BTC easily rose to $ 18K where another hurdle was discovered. However, this psychological frontier did not stop the bulls, and after several days of fighting, they headed higher.
According to current prices, however, it looks like traders have managed to overcome the third resistance at $ 18.5K, so it seems that the next challenge will be $ 19K. It is very likely that in the $ 19K area, many traders will open short positions.
However, let us not forget the support zones, which will play an important role in these moments. As we can see in the chart, the bulls bounced several times from the $ 17.5K area, and we can call this area the current support. But the most important supports are in the area of $ 15.7K - $ 16K and $ 14K.
Please note that with such rapid growth, Bitcoin may lose at the same rate, so focus more on $ 16K and $ 14K support as you move.
Technical analysis:
Current support at $ 17.5K
Very important support at $ 15.7K - $ 16K and $ 14K
Strong resistance at $ 18.5K, if will be BTC next 24H above this price this area can turn into current support
Psychological resistance at $ 19K
RSI 1D/1W/1M overbought
Full Analysis
According to current prices, however, it looks like traders have managed to overcome the third resistance at $ 18.5K, so it seems that the next challenge will be $ 19K. It is very likely that in the $ 19K area, many traders will open short positions.
However, let us not forget the support zones, which will play an important role in these moments. As we can see in the chart, the bulls bounced several times from the $ 17.5K area, and we can call this area the current support. But the most important supports are in the area of $ 15.7K - $ 16K and $ 14K.
Please note that with such rapid growth, Bitcoin may lose at the same rate, so focus more on $ 16K and $ 14K support as you move.
Technical analysis:
Current support at $ 17.5K
Very important support at $ 15.7K - $ 16K and $ 14K
Strong resistance at $ 18.5K, if will be BTC next 24H above this price this area can turn into current support
Psychological resistance at $ 19K
RSI 1D/1W/1M overbought
Full Analysis
