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btc analysisget ready for some red candles guys as we can see there are rejection trend lines above our price which is in the range 25000-25500 this is a range we may see a rejection and fall back to near support but as we see this was an unexpected growth which I don't feel will last long it all started due to Ethereum news pulling the BTC with it so soon we will beck to our consolidating zone don't get too bullish here wait for some move to come let BTC reject the 25500 mark we will plan later
COINBASE:BTCUSD
by sjsourabh786
BTC/USD - Weekly OverviewBitcoin price level hovered within the consolidation range depicted in the chart. The world’s largest cryptocurrency maintained sustainability above the strong support level of $19K. Thereafter, the price level is currently attempting for a positive breakout above the consolidation range. It must be noted that BTC faced a couple of negative breakouts after forming a consolidation range for a considerable time during the past months. Bulls might have an excellent opportunity to develop sustainability at a higher range and be a sentiment changer if the daily candle closes above the consolidation range. Supporting the hypothesis is the positive crossover of MA-10 against MA-25 and MA-50. However, on previous occasions, we have seen significant selling pressure as soon as MA-10 goes above other moving averages, reflecting the present resistance. RSI level is targeting the overbought region while residing at 63.34 at the time of recording. Overall, BTC will face resistance at $23K and $24K. Incase of a turn of events, support levels can be placed at $19K and $18K.
COINBASE:BTCUSDLong
by TradeDog-Research