Bitcoin $BTC Technical Analysis 3 May 2021

By Mandrakata | On The Edge | 3 May 2021

Technical Analysis

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https://www.tradingview.com/x/2m4vdc0B/

We see prices that had breakout from last retracement channel, consolidating the 50% FIB retracemnet level so take care that this support ($47K) will be important.
Price settled back above its 50-EMA and start climbing in an uptrend, for short-term $58K-$58.5K is the new resistance levels.
The pattern is the continuation of the trend, the trend is bullish. Next resistance levels are $60K-$61K and later last ATH.
I'm Long in all time-frames.

⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions. Above ideas is for educational purpose only, it is not intended to be investment advice.
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Mandrakata

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