Bitcoin Chart Review and Update #41 ?

in #bitcoin4 years ago

Bitcoin Chart Review


BTC CHART Published by Philosof at #Tradingview

Comment: Bitcoin Hit Highest Visible Resistance Line on This chart, Which Was at 10090 and Comes From June/July 2019 Price Action and Also This February.

#BTC - What I Said Here

BTC Following Till Now , BTC Hit $10,067 Mark & Pulled Back Till $9,700 & Currently Trying to Break $10,000 Psychological Resistance Once Again. My Target is $10,500 Till Halving Events ,Which Is Scheduled To Happen On 11th/12th Of MAY . Still 3 - 4 Days are Left For HALVING Events. I Even Said in Previous Updates ,#BTC Will Correct/Drop Till $7,000 After Halving ,Generally "Sell The News" Happens In Any Kind of Market Specially in Crypto Market. There is Huge Resistance in-between $10,000 - $11,200 .

BTC-Dominance Also Hit My Said Level 67.50%+ At CMC & Around 69% According to Trading View. So, BTC-Dominance is At Resistance Point Currently ,Which May Drop In Upcoming Days Till 62% & Then ALTs Will Have Relief Rally. #BTCdominance #Dominance

Growing Above 10k Caused Mass Media To Flash Bitcoin Name All Around The World. Hype Mode Is On ,Last Time King Was Here COVID Broken The Uptrend. Virus Is Still Here, But People Got Over First Shock and Now Look For Safer Investments and BTC Might Be The One. Many Of Those Who Never Considered It Before, Do Now. But Be careful. Don't Go Long Blindly - Nothing Grows Without Pullbacks. And BTC Haven't Tested Previously Broken SRs at 9600 / 9450 / 9230 Yet.

Resistance: 10090 - 10550 - 10767 - 10962
Support: 9600 - 9450 - 9235 - 9030 - 8900

Fear & Greed index: 55 (<= 49 <= 42 <= 40)
BTC Dominance: 67.9% (<= 67 <= 66.2 <= 66)
24h Volume: $201 billion (<= 164 <= 145 <= 151)

#BTC #Bitcoin (TradingView)

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