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Bitcoin decreased again trying to accumulate more bullish energy before jumping higher. The bias is bullish, so BTC/USD could resume its growth soon after it ends its current decline.
The price has come back down to test and retest the immediate support levels before starting a new upside momentum. Bitcoin could move sideways in the short term before more buyers will step into the game.
BTC/USD has found resistance above 56,873 and now is retesting the upside 50% Fibonacci line of the descending pitchfork. The bias remains bullish as long as the price stays above the immediate black uptrend line.
It could retest the weekly pivot (54,679) before developing a new leg higher. The uptrend line retest could signal further growth as well.
Coming back above 56,873 is seen as a new long opportunity with an upside target at the upper median line (uml) of the descending pitchfork.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
