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FX.co ★ teagan.orn | #Bitcoin chart analysis

#Bitcoin chart analysis

Yesterday for bitcoin (#BTC), as a result of the rally buyers managed to push the price to the calculated resistance level around 83 550, however they were unable to break through it, even though volumes were fairly high and gradually increasing, which, in the absence of further upside, looks like weakness on the part of the bulls. Apparently, a large cluster of limit sell orders is located around the indicated level and it won't be easy to get through them. So my priority is selling, therefore today I will expect bitcoin (#BTC) to continue the decline that began yesterday in the second half of the trading day toward targets at the nearest calculated support level 82 250.

#Bitcoin chart analysis

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