Bitcoin PUMP
Why has Bitcoin gone up?
In my opinion, the price rejected a very strong Weekly support, which is the confluence with a backside Monthly support ($25200) (so it indicates that the movement will be a strong one up), as a target it formed a Weekly descending range trend.
Also, the current movement was compressed by another Weekly descending range trend, the moment it breaks it will generate a big reaction (which happened).
On the daily, again, the price rejects a critical support formed on 1h ($26637) (the movement is even stronger upwards, considering that it is above the Weekly range trend).
To see a much bigger increase, it is necessary for the price to consolidate above that weekly resistance from $29240.
In my opinion, the price rejected a very strong Weekly support, which is the confluence with a backside Monthly support ($25200) (so it indicates that the movement will be a strong one up), as a target it formed a Weekly descending range trend.
Also, the current movement was compressed by another Weekly descending range trend, the moment it breaks it will generate a big reaction (which happened).
On the daily, again, the price rejects a critical support formed on 1h ($26637) (the movement is even stronger upwards, considering that it is above the Weekly range trend).
To see a much bigger increase, it is necessary for the price to consolidate above that weekly resistance from $29240.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.