Btcusd pair has been quite slow due to the mixed feelings of the investors as some believes it would pump while other are expecting a great drop.
Due to the uncertainty in the market i am going to stick to the technical aspects of the pair. Currently market pumped after triple bottom at the price 93500 which i will take as a supporting area while the 97700 position is a resistance and the breakout of 95000 position is deciding the trend so i will take it a liquidity zone.
technically 93000 is the supporting area and the 97700 is the resistance.
If market gives a bullish breakout above the 97700 area then bitcoin prices can increase
But if market gives a bearish breakout below 95000 then it will drop to its supporting area 93000.
Due to the uncertainty in the market i am going to stick to the technical aspects of the pair. Currently market pumped after triple bottom at the price 93500 which i will take as a supporting area while the 97700 position is a resistance and the breakout of 95000 position is deciding the trend so i will take it a liquidity zone.
technically 93000 is the supporting area and the 97700 is the resistance.
If market gives a bullish breakout above the 97700 area then bitcoin prices can increase
But if market gives a bearish breakout below 95000 then it will drop to its supporting area 93000.
Penafian
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.
Penafian
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.