Expected trading for today is between 3700.00 support and 4236.00 resistance.
The decline of bitcoin price was stopped at 61.8% Fibonacci correction level (for the rise from 1800.00 to 4980.00) and formed solid support at 3033.00, and Bitcoin price after the bearish correction to 3000.00 level, back to the main bullish trend, moved upwards strongly and breaking 3776.00. After the bullish rally, bitcoin started to show some bearish correction after it faced solid resistance at 4075.00 and trying to test 3776.00 level that represents 38.2% Fibonacci correction (for the rise from 1800.00 to 4980.00).
- Bitcoin try to test 3776.00 key support again now.
- Breaching 4030.00 confirm the continuation of bullish trend.
- Breaking 4236.00 and holding above it will push the price to 4980.00.
- The price must hold above 3776.00 to keep the bullish trend.
- Breaking 3776.00 level and holding below it will cancel the bulish trend.
Expected trading
for today is between 3700.00 support and 4236.00 resistance.
Expected trend for today: Bullish.
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Very good information about bitcoin. thank you for sharing it
awesome analysis.. thank you for your expertise.
Tnx to share a good information
Very good information about bitcoin. thank you for sharing it
Please follow and upvote me.
That seems a pretty good Analysis buddy
and glad to be seeing the trends going upwards of Bitcoin :)
you are a good writer..
@lordoftruth,
It seems like bouncing between the same range! Thanks for sharing such great analysis report with us!
Cheers~
very useful post your friends and thank you for sharing about this and I like the way you share @lordoftruth
Bitcoin is unstoppable, it is the decentralized engine, though transactions are public. But untraceable currencies such as Monero are poised to capture a decent part of the market share. Stay thirsty my friends.
Nice stats, hope to cross it $4100.
Its been all red from past two days.
Expecting some green
My eyes becomes even more bigger when the trends in upward direction. Great analysis. Thank you so much
once again it was perfect !!