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    Thread: Cryptocurrency Analysis

    1. 07-16-2021, 03:33 AM #11 Collapse post
      IFX_Selena
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      Bitcoin could start bounce towards $34,000 from current levels.

      Bitcoin remains inside the short-term bearish channel and price today reached the lower channel boundary. Holding above $31,000 will be key for what we can see next. Price could find support at current levels and bounce towards the upper channel boundary near $34,000.

      Name: b-a-150721.jpg Views: 12 Size: 120.5 KB

      Blue lines - bearish channel

      Bitcoin resistance is found at $33,096 and next at the upper channel boundary around $34,000. Price has made no real progress since May when it first tested the $30,000 level. Price is consolidating and traders better avoid overtrading Bitcoin. Traders better stay on the sidelines and be patient in order for a setup to be formed first, before starting trading Bitcoin again.




      Name: 45.png Views: 14 Size: 15.5 KB
      Alexandros Yfantis
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