sachinhandi

Bitcoin price analysis 8/21

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is currently in an uptrend, we can see the 20 days EMA raising, and also the prize is above 20 days EMA which is a good sign for buyers. The 20 days EMA is acting as the strong support line, where the prize takes a rebound. The bulls are buying in dips of the prize if this trend continues, the price might go up to $59680.13 which is a strong resistance zone , if this resistance zone breaks, the price might go up to the next higher resistance is at $61979.63.
The trendline acts as a strong support zone for every dip in the price, currently, the bitcoin is in a correction phase, the bulls are buying near the dip.
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