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Friday, August 27, 2021

Bitcoin trending up

Bitcoin trending up

Bitcoin / TetherUS BINANCE:BTCUSDT

According to my technical analysis , Bitcoin is still trending up, But we have to make sure the resistance level at 51k. If this breaks successfully, It might go to 57.5k, and if continues it might jump to 65k where another strong resistance will face. I think, there wll be a correction at the resitance level of 65k . The pullback may take a strong energy that can occur a jump around 90k. Even the blockchain technology and bitcoin ethusiasts could hold more and more which may occur more uptrend till the first quarter of the next year.

Usually, after reaching the higher high, the price will plummet a minimum of 50%. Therefore, the traders should be careful about the EXIT level.

Risk Disclaimer: I’m not a financial advisor. I have been just trading with stocks, cryptocurrency, and forex since 2008, and sharing with you the ideas which might protect you from self-destruction. Any type of online investment is quite risky and all your investment may go to lose. So, I would suggest you understand the RISK FACTS, learn yourself, and then you decide. None is liable for your loss.





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