Hello all, traders.
Today I want to share with you the current bitcoin analysis. Surely everyone has already bought bitcoin and is sitting around waiting for the price to reach some value. But if somebody didn't have time to buy, or if somebody wants to buy some more BTC, this analysis will be just for you.
The price has been accumulating in the 60000-64000 zone for several days. The levels were very strong and many bought from there, for example, I was buying more. The exit of the price from the accumulation zone was accompanied by a large volume exit, which can be seen on the chart, thus confirming the true breakout of the resistance. After the distribution, the correction follows. Corrections usually occur to a strong level, in our case it is 64000.
In this situation, there are very good signals for buying: breakdown of resistance on volume, upward trend, and a possible correction to the previous accumulation. Breaking the level of 60000 will mean a short-term change in the trend and already other targets.
Subscribe to me and have a good trading experience.
Today I want to share with you the current bitcoin analysis. Surely everyone has already bought bitcoin and is sitting around waiting for the price to reach some value. But if somebody didn't have time to buy, or if somebody wants to buy some more BTC, this analysis will be just for you.
The price has been accumulating in the 60000-64000 zone for several days. The levels were very strong and many bought from there, for example, I was buying more. The exit of the price from the accumulation zone was accompanied by a large volume exit, which can be seen on the chart, thus confirming the true breakout of the resistance. After the distribution, the correction follows. Corrections usually occur to a strong level, in our case it is 64000.
In this situation, there are very good signals for buying: breakdown of resistance on volume, upward trend, and a possible correction to the previous accumulation. Breaking the level of 60000 will mean a short-term change in the trend and already other targets.
Subscribe to me and have a good trading experience.