NICE AND EASY TRADING LEVELS! Bitcoin Technical Analysis#bitcon#ethereum#cryptonews

125 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

abhijitkrb6
Published
Please Donate me if you like my video https://bit.ly/2Ua13mX
Bitcoin (BTC) is approaching its second attack on pivotal resistance this week as bulls remain firmly in the driver’s seat.

After a mixed weekend that saw both a run on $48,000 and a major rejection at that level, Bitcoin is already back, having made up all of its losses.

With conditions broadly favorable for continued strength, it may only be a matter of time before the next impulse move reshapes the BTC/USD spot market.

Cointelegraph suggests five factors worth taking into account when assessing where Bitcoin might be headed in the coming days.

Bitcoin returns to challenge $48,000
It was a rags-to-riches story for Bitcoin this weekend.

Saturday began on a high after BTC/USD jumped above $47,000, a zone that immediately borders a large resistance wall, which so far remains in place.

Thereafter, a failed attack on that zone ended in a sharp reversal, with Bitcoin dropping to local lows of $45,500 before recovering.
Category
Crypto Trading
Tags
Be the first to comment