💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (34180).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 37920
TP2= @ 39515
TP3= @ 40780
TP4= @ 41870
TP5= @ 43805
SL= Break below S2
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Btcusdbuy
Battle between 54k and 61k who will win? BTCUSD expected movesBitcoin
The battle between 54k and 60k was a recent trend in bitcoin as we can see that the bear unable to break the 54k firmly and the bull was unable to break the 60k
firmly and since March 14 BTCUSD was trading within this range. And waiting for further fundamental support further upside movement. Today its bounced again from
54K level and braked the price arc. Bullish engulfing formation is a another support here.While writing this analysis the price was around 56k and on top side 60k will
act as decent resistance for the bull as its a major key psychological level where both the buyers and sellers will fight to win.Recently the private companies were started
to invest in Bitcoins and in stable coins so BTCUSD will remain in bullish trend
The ichimoku cloud is still in red zone territory and the cloud band was diminishing and it might turn green soon.Buy at current level and the topside target would be 62k