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The price of Bitcoin rallied in the last hours and now is trading at 17,350 at the time of writing. You knew from my previous analysis that the cryptocurrency maintains a bullish bias and it could approach and reach new highs.
The cryptocurrency increased by 1.35% from yesterday's low of 17,136 to 17,368 today's high. In the last 24 hours, BTC/USD is down by 0.03% but it's up by 3.93% in the last 7 days. Further growth should help the crypto market.
The price failed to come back to test and retest the 17,046 static support or the ascending pitchfork's lower median line (lml) signaling strong upside pressure.
Now, the token is challenging the weekly R1 (17,337) and is almost to hit the 17,393 former high which represents an upside obstacle. As long as it stays above the lower median line, the bias is bullish in the short term.
A new higher high, a valid breakout through 17,393 activates further growth. This could bring new longs.
*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।
