Bitcoin Technical Analysis 06 July 2021
Further upside looks possible for bitcoin. But it would be best to wait for price confirmation to be more confident of this view. ...
READ MOREFurther upside looks possible for bitcoin. But it would be best to wait for price confirmation to be more confident of this view. ...
READ MOREThe volatility of bitcoin has decreased, along with overall trading volume. This suggests that bitcoin is preparing for a major move....
READ MOREBitcoin is trying the hold the 0.618 Fibonacci retracement target of the last move. If it breaks below this level, the 0.718 is next....
READ MOREToday is the last day of June, which means that Bitcoin is about to close a monthly candle. This can help with our longer-term analysis. ...
READ MOREIs bitcoin's bounce the start of a larger upside move, or is this just a quick relief rally before the bearish onslaught continues?...
READ MOREIf the dollar is going up, it is often the case that most other assets are going down. This includes bitcoin....
READ MOREBitcoin has rejected the first resistance zone we outlined in yesterday's update, between $40 and $42K. Once it dropped out of this price range, it fell to about $38,100....
READ MORESince Tuesday 8 June 2021, bitcoin rallied about 33%. It went sideways yesterday and is now testing the $40-$42K resistance box....
READ MOREBitcoin dropped down on Friday and Saturday, with most people fearing the usual 'bloody Sunday' once again. But instead of falling further, bitcoin put in a strong bounce around the $35K support area....
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