TL; Fault DR
- Bitcoin price analysis is bullish today.
- Bitcoin cows are moving towards new discoveries.
- The nearest resistance is at $ 62,942.
- The closest BTC support is found at $ 59,020.
Bitcoin price analysis shows that cryptocurrency is the pioneer near ATH because the price crossed the $ 60,000 mark yesterday. The King’s currency code is currently floating at $ 61,763 at the time of printing, and the cows are trading in price. The price is very close to re-testing the highest price in history at $ 64,900, because, in one case, the price rose to $ 63,105. As $ 61,763 is higher than $ 61,679, which is the last defense in the current scenario, there is doubt as to whether the bull cycle will continue. Most washed $ 63,000 seems to be the last hurdle before the king’s last talk for the new ATH.
1-day price chart BTC / USD: In the morning BTC reaches above $ 61,000
The 1-day price chart for bitcoin price analysis shows that the uptrend is still booming because the price is rising again. BTC / USD is trading between $ 61629 and $ 61763 today. Because price performance is bullish, the next value range will increase in the coming hours. The BTC / USD has risen more than 4.4 percent in the last 24 hours and has lost nearly 14 percent over the past week. The trading volume has also increased by 18.5% in the last 24 hours.
Fluctuations are high for the BTC / USD pair, the upper Bollinger Band at $ 64,336 indicates resistance and the lower band at $ 39,451 indicates the lowest BTC / USD support. Bollinger Bands are on a bullish trend and hope to have more bullish performance in the coming days.
The Relative Strength Index (RSI) is in the 74-day moving average at 74 and may show an exit signal at any time, but more volume is needed to move to new highs.
Bitcoin Price Analysis: Recent Developments and More Technical Signs
The 4-hour price chart for bitcoin price analysis shows that the bears resisted at the beginning of today’s session with a red candlestick appearing on the chart, but was soon controlled by the uptrend as the bitcoin bulls continued their upward trend.
Fluctuations in the 4-hour chart increase and also the price moves towards the discovery of new horizons. Bollinger Bands started to expand yesterday with a price increase and now the upper bar indicates resistance at $ 62,562 as the price trades near the upper bar. The RSI shows a flat line in the over-buying area at 73, the RSI has flattened due to bearish barriers in the past few hours, and as the cows climb again, the RSI begins to improve again in the over-buying area.
Most technical indicators are in favor of the uptrend, with a majority of 15 technical indicators including the simple moving average and the exponential that all show the MACD crossover and oscillator in the past. Conversely, only three technical indicators support the downtrend, including the motion oscillator. However, seven technical indicators are neutral, including the bull bear strength index.
Bitcoin Price Analysis: Conclusion, ATH Weekend
The leader of digital currencies is enjoying the weekend with his unchallenged reign, as the current uptrend is likely to continue in the coming days. It is no longer a question of when ATH will be seen over the weekend or next week. But the question is, how much does Sahar go up for Bitcoin? We can assume that if there is no downtrend, a strike on the ATH is possible in the next 48 hours, because the RSI can be a sell signal at any time. There is also a possibility of retreating before the ascent and there are possibilities to continue the ascending movement. Let’s wait, fingers crossed.
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