BTCUSD reached some support in the 60min chart. It may trigger some corrective gains towards the upper line (marked on the chart).
To attempt timing the long trade, wait for the price to break above the current hourly high or wait for an hourly close above the lower line (support).
The upper line (resistance) may provide a short entry in BTCUSD where the price...
Hello Traders, Investors, And TradingView Community,
In this weekly BTC /USD analysis, we will be taking a look at the most recent events, the current technical formations, as well as discussing possible outcomes.
Overview
Bitcoin has spent the week vigorously pushing towards the upside. The move went parabolic as soon as BTC crossed the $13,900 mark and...
As per Fibonacci in 1 day chart, Bitcoin broke to its resistance at $4k and next resistance at $4400 then $4800 then $5200. Global stock market downtrend also supporting bitcoin.. support @ $4k then $3800 $3600
Bitcoin also testing Pivot resistance at $4200 once it breaks with good volume then $4400 and $5k will be major resistance
