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Bitcoin Analysis

I believe a strong breakout above the 200 DMA could fundamentally alter trading sentiment in the market.BTC stays below US$7,000 and above US$6,500 for another week. Now btc is currently trading below its 200-day moving average.

Look at the daily chart for longer swings based on the breakout of this pattern. I think there's a good chance we retest the range high/supply zone.the price is trading over the 48 & 13 day EMA, would like to see a close above today and tomorrow before making a trade.This month i expect new attempt to break mid of BB that is 7.4k.

Monthly chart Looking at our trend support found $6,000-$6,500, looking for a bounce off or break off this level. Weekly chart showing a triangle pattern.And A daily chart close above or below either of these levels indicates the direction of our next extension.

Disclaimer:Don't invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses.

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