Technical Analysis on Bitcoin [14-06-2021]

in #bitcoin • 3 years ago

I am sharing my technical analysis on Bitcoin so that you can take your decision on bitcoin trades. It has been trading at very important level of 39500 for the 3rd time and it should break to upward side.

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Upside Scenario

If bitcoin will be able to break 39500 level convincingly then we are heading for an upward move and reach next level of 50000. I think it will break this level because it is being tested for the 3rd time now.

Downward Scenario

If bitcoin is not able to break 39500 level then we will see another correction and that can drop back to 31000 level which nobody wants to be honest.

I will be sharing technical analysis of forex and crypto assets in the coming days. These technical analysis are for educational purposes only and should not be considered a financial advice.

#crypto #analysis #steemit #steemexclusive
3 years ago in #bitcoin by
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