#bitcoin the average price has dropped to $36796 on hourly charts which means if it crosses & sustains above this price, we can expect recovery but if it couldn't, this average is generated by sellers and price will fall further. $36796 is a most important price to look at.
bitcoin diamond is great for long, above the level of 4800 (after the decimal). however, the market is volatile and cryptocurrency is always unpredictable.
Bitcoin is trading at an all time high levels. Looking at the Moving averages lines, 200 MA is acting as a crucial support level. Trading in the range market could possibly lead to wrong trade setup. Wait for the levels for long and short positions.
BitCoin is near its support zone of ~42K.. this one should hold.
If this breaks than some respite expected at ~37K, else next support will be seen way deeper at ~28K.
The 42K will be at ~25% retracement level, while ~37K is at major fibonnaci retracement of ~38%.
#Bitcoin formed a Trible top on the 4H chart, and seems like it is forming a Rising wedge, which means a big bearish break out.
What I see is we had a break out today bearish with the day ending a bullish candle.
This means that the previous target from the inverse head n shoulders could be met at 51500 / USD
Bitcoin its testing its important support level at 38000 USD. If it breaks it and moves down then next level is 35000 USD else if it moves up from here then next stop is ATH at 42000 USD. Let's see how it pans out.
Bitcoin price levels were grooving with the positive volume provided by institutional buyers including Grayscale, Fidelity Investments, Massachusetts Institue of Technology, and many more following FOMO among the retails investors too. With the bulls embracing the world's largest cryptocurrency from the starting of the year, the price levels made new ATHs at...
