Bitcoin has found support in the 
41K handle, and made another attempt for relative highs. We were able to inch above $43.8K, but are meeting resistance just below $45K. Several red triangles on the KRI suggest that Bitcoin is struggling to maintain these higher levels, and thus this rally may just be a leg of a broader sideways correction. If so, we anticipate further resistance from $45.0K and $45.6K. If we are able to break $46.2K, then $47.4K is the next target. However if we retrace and continue the sideways correction, we should see support again from the 41K's, and after from $40K. It appears that the markets still see the $30K's as undervalued for BTC but if we retrace further, $38.2K should be a strong level of support.
41K handle, and made another attempt for relative highs. We were able to inch above $43.8K, but are meeting resistance just below $45K. Several red triangles on the KRI suggest that Bitcoin is struggling to maintain these higher levels, and thus this rally may just be a leg of a broader sideways correction. If so, we anticipate further resistance from $45.0K and $45.6K. If we are able to break $46.2K, then $47.4K is the next target. However if we retrace and continue the sideways correction, we should see support again from the 41K's, and after from $40K. It appears that the markets still see the $30K's as undervalued for BTC but if we retrace further, $38.2K should be a strong level of support.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.