Bitcoin / TetherUSSatış
#Bitcoin Consolidates Inside a Bullish Engulfing Bar
Past Performance of Bitcoin
Bitcoin prices are uneventful, looking at the candlestick arrangement in the daily chart. BTC is within a consolidation, inside the November 20 bull bar. Since prices are bound inside a bullish engulfing bar and still trending within a breakout formation, buyers stand a chance. This outlook is valid if prices are above 16.5k and the bull flag.
#Bitcoin Technical Analysis
Bitcoin bulls may have the upper hand in the short term. Of note, prices are above the 16.5k support level. However, they are yet to break the 17.5k and 18.5k sell wall. This reaction level is critical if the uptrend is to be defined. As it is, bears remain in control below 17.5k. Conservative traders can wait for a clear trend definition above 17.5k or below 15.5k. On the reverse side, aggressive traders can double down their selling, targeting the base of the November 30 bull bar in the sessions ahead.
What to Expect from #BTC?
BTC is in range, inside the November 30 bull bar but above the 20-day moving average. Bulls have a chance, but sellers are in control from a top-down analysis. As long as prices are above 16.5k and 15.5k on the lower end, BTC may rebound, bottoming up after a year of sharp losses.
Resistance level to watch out for: 17.5k
Support level to watch out for: 15.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin prices are uneventful, looking at the candlestick arrangement in the daily chart. BTC is within a consolidation, inside the November 20 bull bar. Since prices are bound inside a bullish engulfing bar and still trending within a breakout formation, buyers stand a chance. This outlook is valid if prices are above 16.5k and the bull flag.
#Bitcoin Technical Analysis
Bitcoin bulls may have the upper hand in the short term. Of note, prices are above the 16.5k support level. However, they are yet to break the 17.5k and 18.5k sell wall. This reaction level is critical if the uptrend is to be defined. As it is, bears remain in control below 17.5k. Conservative traders can wait for a clear trend definition above 17.5k or below 15.5k. On the reverse side, aggressive traders can double down their selling, targeting the base of the November 30 bull bar in the sessions ahead.
What to Expect from #BTC?
BTC is in range, inside the November 30 bull bar but above the 20-day moving average. Bulls have a chance, but sellers are in control from a top-down analysis. As long as prices are above 16.5k and 15.5k on the lower end, BTC may rebound, bottoming up after a year of sharp losses.
Resistance level to watch out for: 17.5k
Support level to watch out for: 15.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
İlgili yayınlar
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.