The cryptocurrency Bitcoin is continuing trading in a downtrend since the last historical higher price was at $ 41950.00 on 8/1/2021
( BTC ) is trading now at $ 32107.10
Our view of the amazing performance of the (BTC) is trading in a very healthy correction area between buyers & sellers to set confidence in order to hit a high relevant range.
Otherwise (BTC) is trading with a great daily volume, & the most important is the testing to the strength of the support areas, as we will mention below.
We do appreciate this area at the moment which probably not come again in the future
Our outlook prediction according to the chart indicators, there is a huge preparation to hit & exceed the last resistance area which at $ 41950.00
Overall, we advise buyers to place a stop loss at the suitable support areas depending on your trade time, as breaking these prices leads to another down support area.
As Shown
The Chart Below
Prediction:
Target: to hit $ exceed $ 41950.00 then fly over $ 48000.00
Bitcoin digital currency, if the price of $ 31390.00 is broken, it may target levels of $ 28130.00>>(strong support area)
Support & Resistance:
Support: $ 31390.00 - $ 28130.00 - $ 25700.00
Resistance: $ 41950.00
Important:
The result depends on our personal Vision which could be right or wrong
We analyze the past to predict the future.
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