After taking the plunge to the $39,000 low as predicted in my previous analysis, Bitcoin has pulled a stunt on bears on Tuesday after retaking the critical $41,000 level. The benchmark cryptocurrency now sits comfortably above the $41,000 pivot top and my medium-term ascending trendline.
That said, bulls need to sustain their newly-found market control and push to the $43,000 mark over the coming hours and days to secure a bullish sentiment in the market. Failure to do so in the near term could force prices below the $40,000 psychological support again.
Meanwhile, my resistance levels are at $42,000, $43,000, and $44,000, and my key support levels are at $41,000, $40,000, and $39,000.
Total Market Capitalization: $1.92 trillion
Bitcoin Market Capitalization: $789.4billion
Bitcoin Dominance: 41%
Market Rank: #1
That said, bulls need to sustain their newly-found market control and push to the $43,000 mark over the coming hours and days to secure a bullish sentiment in the market. Failure to do so in the near term could force prices below the $40,000 psychological support again.
Meanwhile, my resistance levels are at $42,000, $43,000, and $44,000, and my key support levels are at $41,000, $40,000, and $39,000.
Total Market Capitalization: $1.92 trillion
Bitcoin Market Capitalization: $789.4billion
Bitcoin Dominance: 41%
Market Rank: #1
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.
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.