AltcoinBase takes care of you even on this Tuesday night to an engineering analysis. In this TA, we will look at the weekly, daily and 4-hour chart of Bitcoin. What does the share price tell us?
Contents
Bitcoin (BTC) weeksgrafiek
On the weekly we can see currently, the price of Bitcoin recovers. We see that Bitcoin (BTC), it’s still a hard time of it.
We had, however, still well above $8,000. If the great end I foresee in the range of $8.750 for up to $8.800. The question is whether or not we can even go so far as to come out.
As Bitcoin is the past few days, quite a has gone up, it seems that it is not a fool. We are now at the bottom of the trend channel on the weekly, so we still have a long way up.
The volume on BTC last week, has greatly increased. Let’s see if this was going to happen, and then we’ll see a further increase in the process. As a support, I anticipate a $7,500 per BTC. At this level, we are in a couple of weeks ago (see figure 1). also bounced.
The BTC Daily
On the daily chart we have resistance up around $9.100. Here you will find the wicks a long time ago. This may be direct opposition, as soon as you are in the area.
We have often seen that a pump of about us $1,000 and us $2,000 for, it is certainly not uncommon. It can make the BTC back at $9.100 will bring.
In case of this bullish scenario to continue, we would be able to fall in the direction of $7,500 and may have to go back all the way to the golden pocket level.
With a price in the range of $7.250 to $6.900, it is a good koopmoment.
4-uursgrafiek price
The 4-uursgrafiek, we see the same resistance lines on it. However, we do have a small resistance which are Bitcoin to break down. This is about $8.500.
It doesn’t seem entirely unlikely that these areas are still in a time of testing. $8.800, in my view, a fair price, where the Bitcoin in the short term, the go should be able to go.
However, we also need to take into account the lower prices for BTC and we are looking at the golden pocket level ($6.900 – $7.200 or $7, 500 for each bitcoin.
The volume is also considerably reduced. We are now in the $15-billion, but it is a lot less than the $25 billion in the previous week. With a smaller volume, we have exciting times ahead of it.
Expected price of Bitcoin
Bitcoin allows for a short recovery, but whether or not this is going to turn, there is still a question. The volume is not in favor, and the rejections of the past few days to me is not very nice. For the immediate future, we need to look for a resistance around $8.800.
For the buyers it is very important to be in the range of $7.250 to $6.900 be good to keep an eye on.
Do you want to every day, and a bitcoin update, in the form of a video? Check out our Youtube channel as well. Talk also play a role in our Telegram group.
Thank you for signing up!