Bitcoin Technical Analysis 01-07-21

By xuanling11 | Crypto Learning | 7 Jan 2021


I will publish daily technical analysis daily of Bitcoin from now and will review under 1 minute. If you want to know other cryptocurrencies, please comments below.

Technical Analysis

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I think next level is still targeting at $40K. Although I will expect going down about $35K.

The strong support is around $30K.

It appears that it is overbought zone and it will cool down eventually.

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The most bullish news is that Visa continue adopting Bitcoin into its card to US, EU, and UK. It will help to boost more users.

The most bearish news is that political turmoil driven price up may be a bubble that will pop eventually.

As 01-07-21, Bitcoin Value =  $35k ~ $40k

You can reference my methodology here and here.

 

Thanks for reading and see you tomorrow!

 

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Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.

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xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


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