Let's continue with this chart.
OK, well, in the previous post there were lots of pros and cons comments regarding my chart.
Apart from these pros and cons, let's continue the discussion.
OK, Bitcoin closed right at the 93,400 support area, then rose again and touched the 98,900 resistance area.
What next? Yes, it is not much different from the previous post that Bitcoin has strong resistance in the 109,000 area, and there is a possibility that next week it will try to break through this resistance again.
Then, if Bitcoin experiences a rejection when trying to rise to the 109,000 area, Bitcoin will again try to test the support area at 80,000.
Maybe that's all from me, I'll come back later if my analysis is right/wrong in the next few weeks.
Apart from these pros and cons, let's continue the discussion.
OK, Bitcoin closed right at the 93,400 support area, then rose again and touched the 98,900 resistance area.
What next? Yes, it is not much different from the previous post that Bitcoin has strong resistance in the 109,000 area, and there is a possibility that next week it will try to break through this resistance again.
Then, if Bitcoin experiences a rejection when trying to rise to the 109,000 area, Bitcoin will again try to test the support area at 80,000.
Maybe that's all from me, I'll come back later if my analysis is right/wrong in the next few weeks.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.