BTC traded in a range-bound manner over the weekend, with low volumes. Profit booking has been seen at higher levels. It’s still holding strong at $46k. BTC’s dominance is 40.69%, and its market capitalization stands at $870bn.
BTC trades at $46,090 as of the writing of this article.
BITCOIN is now trading in an uptrend, having broken the resistance of $45,500 for the longest time and reaching the peak of $48,189. BTC consolidates and trades in a range of $45,500 to $57,500 after this move. An increase in the price can result in a rally. Prices can rise to $52,500, while $45,500 and 200-day Moving average can provide strong support. The bulls are in control if the Moving Average rises and the RSI is above 50. Key Levels:
Support 2Support 1AssetResistance 1Resistance 2$39,500$45,500BTC$52,500$60,000
Disclaimer: This report should not be regarded as investment advice. It does not consider the financial situation or investment goals of investors. When deciding whether an investment is right for them, all investors should take into account these factors and consult with a professional advisor. This report was prepared by the Company using information that it has access to, as well as information from public sources that have not been independently verified. The Company makes no representations or warranties, either express or implied, regarding the accuracy, reliability, completeness or reliability of any information, opinions or conclusions contained herein. This report is preliminary. The Company does not assume any obligation to revise or update the reports in response to new events or circumstances after the date of the report was made. Trading and Investments in cryptocurrencies viz. Bitcoin Cash, Ethereum, and other cryptocurrencies are highly speculative investments that are subject to market risk. Author’s analysis is intended to be used as information only and not as investment advice.
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Did you miss our previous article…
https://www.goldcoastmoneyonline.com/binance-now-has-the-grammys-as-a-partner/
