Top News
🍃It could take 6-24 months for Bitcoin to return to its level- Litecoin Creator Charlie Lee
🍂Canada Delays Regulation of Cryptocurrencies and Blockchain Companies
🍂Bitcoin Breaks Above $7,000 as Crypto Market Rallies Into Green
🌏18% of Students, Twice the U.S. Average, Own Cryptocurrency: Coinbase Survey
🗺Dash Pumped 26% On Krypto Mobile Partnership Announcement
Bitcoin analysis
Today start the real green Day for cryptocurrency market.
Top 10 price update Last hour
$BTC
$7064.73 0.19%
$ETH
$293.40 0.47%
$XRP
$0.35 0.44%
$BCH
$557.92 0.62%
$EOS
$5.90 0.89%
$XLM
$0.23 0.68%
$LTC
$62.07 1.0%
$USDT
$1.00 -0.15%
$ADA
$0.10 0.54%
$MIOTA
$0.78 1.36%
But Still Bitcoin price is still on a tear, making its way up to the top of an ascending channel on the 1-hour chart.As expected it perfectly picked it self from the support level indicated in the chart and moved towards first resistance zone of BTC/USD $7174..
Now it's showing we haven't made a higher MACD high. Did something else invalidate the scenario or have I misunderstood?If price closes above 7180, it moves on to 7475... If price rejects here, I expect it to move back to 67****.Bulls are looking to keep 4 hour higher lows and when they are lost we will look for healthy daily consolidation.I think we will Bounce on either the 50FIB mark or 61.8 to key levels of support, retest trend, bounce back down and then break 😎 the descending triangle..
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Disclaimer: 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.