BitcoinForex (SPOT)

Bitcoin ($BTC): Daily Updates Analysis


Today we continue to follow Bitcoin, even if the nervousness of the traders does not seem to be appeased, and this is clearly evident from the daily chart. From a technical point of view, the Price Action has not given us any new clear signals, as we still remain within the resistance area. That said, with the little information we have, we can say that on the daily chart the trend remains bullish as long as the price is above the 26,750 area. In the short term, I still expect the 29.478/30k area to be reached, but if $BTC were to trigger a bearish leg from this area, the main trend could change quickly. In conclusion, the closest support is currently around 28k and the potential breakout will erase the short-term uptrend.

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