Bitcoin Technical Analysis & Trading Suggestions

Bitcoin Technical Analysis

BITCOIN Price Technical Analysis: Weekly Chart

Bitcoin Technical Analysis
  • In the weekly charts, Bitcoin is trading in a downward channel.
  • Bitcoin is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • Bitcoin will follow a downtrend in the coming weeks.
  • Bitcoin’s crucial resistance level is at 49,766.91 which is near 20 days SMA as of now. There are no signs of a bullish trend.
  • Bears have their tight grip on  Bitcoin.

TRADE SIGNAL- BITCOIN ,SELL: 42,890.20, TARGET:-40,890.20, STOP LOSS:- 43,890.20.

About Author

Related posts

Leave a Reply