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Coinpedia-Market-Insight

Simple analysis for Bitcoin

Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Coinpedia-Market-Insight  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Support and Resistance Trend Lines Bitcoin (Cryptocurrency) BTCUSDT BTCUSD btcusdtlong ETHUSDT ADAUSDT goldencross solusdt dogeusdt Contains image
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trendanalysis supportandresistance trendline bitcoin btcusdt btcusd btcusdtlong ethusdt adausdt goldencross solusdt dogeusdt containsimage
* Bitcoin in Daily time frame is in a consolidation between it's resistance around $52k and it's support near $42k.
* The zone around $42k is working as strong support for the price.
* In order to continue the further bull run Bitcoin needs to bounce back from the support and break the above resistance.
* If the price breaks the support zone of $42K it can drop till the lower trendline.
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