With bitcoin again

With bitcoin again

By 10 minutes | cotidiana | 24 Mar 2020


Well guys, how are you?

We are with bitcoin one more day.
Well, let's do an analysis of what we have been able to see in the situation.
Bitcoin continues to recover, experiencing an increase in its value passing the $ 6000 barrier and currently settling at $ 6415.

Closing the daily with a bullish engulfing. indicating bulls are still around.
Given the fact that the price has crossed the $6,000, an important level of resistance, and the 100 simple moving average (4-hours) that holds the key was reached, can this spark make a strong surge To $7.5K? or we should wait the 200-day moving average on a daily time frame?

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Bitcoin is currently correcting higher from the $4,320 support area, and there is a key bearish trend line forming with resistance near $6,680 on the 4-hours chart, and the price seems to be facing a strong resistance zone near the $6,800 and $7,000 levels.

351665157-3f39543bf27dfaa9e3aab8a6e646002ebbb9d362e338923e8ffc61bc0e665b28.jpeg

Support for now is 6250 - 6400, with a potential upside to 6900, 7276, 7850.

Now the question is:
Will we see a rally above $6,800 or a decline back towards the $5,200 level?

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10 minutes
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I'm a moderate person.. I can be happy with anything that make any human being happy, and I can be angry with anything that make any human being angry


cotidiana
cotidiana

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