BitcoinForex (SPOT)

Bitcoin ($BTC): Daily & Intraday Analysis


During the last few sessions we have been following $Bitcoin on small time frame (TradingView Platform), and today we continue to follow our analysis on hourly chart. Having said that, as we can see from the chart below, $BTC failed to properly reach our first support area, triggering another bullish leg. With this in mind, we still cannot rule out another bearish consolidation around 26.5k in the near term, and if this happens we will have to evaluate “how” the bearish leg will develop (with 3 or 5 waves).

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