Daily Chart
Bitcoin price is testing the bottom of the key resistance zone of $69,654-$73,423.
A bearish divergence forming in the daily BTCUSD chart remains a concern and requires a strong bullish move to invalidate it.
At the same time, the price action with the daily zone of $69,654-$73,422 will be very important.
The daily candle closure and a sustained price action in $69,654-$73,422 zone or, even better, above $73,422 will push Bitcoin price higher towards $80,000.
Below $59,920, the key daily support, BTC will decline towards $51,660 support, however the price action will be slow and choppy.
Intraday Chart
The BTCUSD intraday (4-Hour) chart is slowly moving to the top of the key resistance zone of $67,901-$70,177.
A solid bullish candle closure above $70,177 will resume the bullish move in Bitcoin.
A bullish break-out of $70,177 will push #BTC price towards $73,077 and higher.
A bearish rejection of the top of the zone - $70,177 or a bearish break-out of of $67,901 will result in #Bitcoin price re-testing the intraday support at $62,021.
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Bitcoin price is testing the bottom of the key resistance zone of $69,654-$73,423.
A bearish divergence forming in the daily BTCUSD chart remains a concern and requires a strong bullish move to invalidate it.
At the same time, the price action with the daily zone of $69,654-$73,422 will be very important.
The daily candle closure and a sustained price action in $69,654-$73,422 zone or, even better, above $73,422 will push Bitcoin price higher towards $80,000.
Below $59,920, the key daily support, BTC will decline towards $51,660 support, however the price action will be slow and choppy.
Intraday Chart
The BTCUSD intraday (4-Hour) chart is slowly moving to the top of the key resistance zone of $67,901-$70,177.
A solid bullish candle closure above $70,177 will resume the bullish move in Bitcoin.
A bullish break-out of $70,177 will push #BTC price towards $73,077 and higher.
A bearish rejection of the top of the zone - $70,177 or a bearish break-out of of $67,901 will result in #Bitcoin price re-testing the intraday support at $62,021.
Like once read.
Thank you!
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.