41+ Bitcoin Resistance Levels Pics. Bitcoin (btc) regained bullish momentum after a recent bounce above $10,700 support. Support and resistance are some of the most fundamental concepts of technical analysis that traders can use in their trading strategy to maximize profits.
Bitcoin Is Facing An Additional Drop Of 23 From Current Levels After Breaching A Key Resistance Level from zephyrnet.com
We show four separate pivot points (2 support levels, and 2 resistance points). However, as the price becomes increasingly lower, btc will eventually reach a level where buyers will become interested again. A quick analysis of bitcoin price action based on 4 charts, each with different time frames.
Bitcoin looks to be trading inside a symmetrical triangle since a local high of $11,983 was reached on sept 19 at the time of press, btc was trading very close to the resistance line of the triangle.
Are we primed for a bitcoin breakout? These levels are based on the daily time frame. Today we'll identify some key support and resistance levels for btc. July 27, 2020 cryptocurrency technical analysis.
