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Bitcoin climbed as much as 31,268 today, registering a new high. Now, it has retreated a little and is trading at 30,680. In the short term, it moves sideways, trying to accumulate more bullish energy before jumping higher. It has increased by 4.69% from Wednesday's low of 29,868 to 31,268 today's high.
Bitcoin is up by 1.16% in the last 24 hours and by 2.65% in the last 7 days. Further growth should drag the altcoins higher as well.
As you can see on the H1 chart, the cryptocurrency escaped from the flag pattern indicating an upwards movement. You knew from my previous analysis that BTC/USD is bullish as long as it stays above the uptrend line.
BTC/USD failed to take out 31,025, so the crypto could come back to test and retest the near-term support levels again.
A valid breakout above 31,025 activates further growth and is seen as a buying signal.
*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।
