Major Support for Bitcoin on higher Timeframe
At this time when there are many speculations around where Bitcoin is heading, I thought of analysing it at an higher Time frame.
On a daily chart, we could see Bitcoin moving between Long Term Support and Resistance.
During last major DIP, Bitcoin took support at Long Term Support. Bitcoin has bounced off this support trice since March'2020.
If Bitcoin decides to break this support (which at this moment looks unlikely), then next major support is at 30K again.
Coming days will give us clear picture on where Bitcoin is heading. Will Long term support be able to hold pressure again? We will have these answers in couple of days
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
On a daily chart, we could see Bitcoin moving between Long Term Support and Resistance.
During last major DIP, Bitcoin took support at Long Term Support. Bitcoin has bounced off this support trice since March'2020.
If Bitcoin decides to break this support (which at this moment looks unlikely), then next major support is at 30K again.
Coming days will give us clear picture on where Bitcoin is heading. Will Long term support be able to hold pressure again? We will have these answers in couple of days
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely