Bitcoin Exhibits a Trend Reversal After Reaching a Support Level
Hello cryptodeppers friends wherever you are!!! For the first time, cryptodepper will undertake a price study of bitcoin. Those of you who trade cryptocurrencies should find the cryptodepper analysis useful.
On October 21, 2021, Bitcoin surpassed the all-time high of $67,000. Whereas the highest price in April was $64,000. However, even when bitcoin has reached its all-time high, it does not instantly resume its upward trajectory. The price plummeted once more for a pullback to the 60,000 mark. It's okay, just relax in the face of this correction, pals. Because the price adjustment is reasonable and beneficial to future price action.
The graphic above shows that the level of support is extremely high at 60,000. As a result, the price of bitcoin has risen above $63,000 today. According to the RSI indicator, there is also a positive divergence on the 1 hour time frame. This has an impact on the price of bitcoin. Furthermore, bitcoin's price has broken through the EMA line and generated four green candles. As a result, it's quite positive for bitcoin.
Bitcoin is now forming an upswing. Bitcoin is projected to burst over existing barrier and establish a new high. Please be patient and eager for the holders. We will shortly surpass the new ATH. I'll see you at the next analysis.
On October 21, 2021, Bitcoin surpassed the all-time high of $67,000. Whereas the highest price in April was $64,000. However, even when bitcoin has reached its all-time high, it does not instantly resume its upward trajectory. The price plummeted once more for a pullback to the 60,000 mark. It's okay, just relax in the face of this correction, pals. Because the price adjustment is reasonable and beneficial to future price action.
The graphic above shows that the level of support is extremely high at 60,000. As a result, the price of bitcoin has risen above $63,000 today. According to the RSI indicator, there is also a positive divergence on the 1 hour time frame. This has an impact on the price of bitcoin. Furthermore, bitcoin's price has broken through the EMA line and generated four green candles. As a result, it's quite positive for bitcoin.
Bitcoin is now forming an upswing. Bitcoin is projected to burst over existing barrier and establish a new high. Please be patient and eager for the holders. We will shortly surpass the new ATH. I'll see you at the next analysis.
