FX.co ★ teagan.orn | #Bitcoin chart analysis
#Bitcoin chart analysis
#Bitcoin H4 Bitcoin is currently trading down and the moving average which is above prices points to support for the downside. At the moment prices are trading practically at the support level 83675 and if they break through this level they will be able to continue their downward path to the support at 81475. This support level may hold and push prices upward. But if they begin to overcome this support as well, conclusions about the continuation of the downward move can only be made based on a confirmed close of prices below the level. in this situation the market may continue to fall to the support at 74958. As for the upside it is only a prospect after a breakout above 87365 and, accordingly, only after prices are confirmed above it. Good luck to everyone.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade