Bitcoin - A short term overview

19 Ağu

BTCUSD (1H CHART) Technical Analysis Update

BTC is currently trading at $58593 and currently trading at the support zone. Looks like price is consolidating around 58K range. A break out or break down from this consolidation will result in price reaching the next target.
- If price breaks down then the next support for bitcoin is around 55K range.
- If bounces back from this range then next resistance is around 61K range.
Let's see how this plays out.

It looks like price will mostly bounce back from this range. This gives us a long opportunity

Entry: 58K range
StopLoss: 56500

TP1: 59000
TP2: 60000
TP2: 61000
Don't forget to keep stoploss.

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Cheers
GreenCrypto

14 Eyl

Not

All Targets are hit.