CryptoBoyka
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Will Bitcoin rise or fall soon? Read it, it will help everyone.
Bitcoin has experienced a strong price surge from a low of $109,356 to a high of $82,830. This is a long-term bullish trend, but is currently in a correction phase.
Current price pattern: There is a "Cup and Handle" pattern, which is a bullish continuation pattern. This pattern often signals that after a correction (the handle part), the price may continue to rise. The current price is in the "handle" area of the pattern, indicating potential accumulation before a breakout upward.
Current price pattern: There is a "Cup and Handle" pattern, which is a bullish continuation pattern. This pattern often signals that after a correction (the handle part), the price may continue to rise. The current price is in the "handle" area of the pattern, indicating potential accumulation before a breakout upward.
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Bitcoin Assessment: Up or Down
BTC price has risen sharply from a low of about 31,792.98 to a peak of 95,588.00, then adjusted down to the current level of 82,059.06. This is a correction after reaching the peak.
Support and resistance levels:
- Nearest support: Around 77,722.15 (EMA 50) and 76,587.69 (MA 50), which are long-term moving average levels where the price could find support.
- Nearest resistance: Level 84,644.06 (upper Bollinger Band) and recent peak 95,588.00.
Support and resistance levels:
- Nearest support: Around 77,722.15 (EMA 50) and 76,587.69 (MA 50), which are long-term moving average levels where the price could find support.
- Nearest resistance: Level 84,644.06 (upper Bollinger Band) and recent peak 95,588.00.
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