BITCOIN BTC / USD ANALYSIS UPDATE Intraday time horizon 9 June

BITCOIN BTC / USD ANALYSIS UPDATE Intraday time horizon 9 June

By trade60 | trade60 | 9 Jun 2021


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Above 32098 target 34319/34970 Below 32098 target 30990

expected range: expected range: 31883/34882

 

Yesterday he was noticed by more than one channel; that Bitcoin had the potential to extend the break below 34,800 to 30,000 and possibly even more. Well, this prognosis began to gain more traction in afternoon trading as the major cryptocurrency dropped to $ 31,036. At that point it looked like a move to test 30,000 was on paper before the broader US shutdown. Well, in case that didn't happen, the price started to recover not long after the London FX 4pm correction. The price then recovered 33k in subsequent US trading and that rebound has just continued as Bitcoin rises again in recent trading. The move above 33,500 has just extended to 33,700, which is close to the high of the previous Asian session at 33,809. Of course this could bounce further but will still need to make a sustained recovery back above 34,800 and possibly more likely above 35k if the threat or further downside is to dissipate. Bitcoin is now trading at 33,560

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

Thanks for reading

Gafico from tradingview.com

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trade60
trade60

Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


trade60
trade60

Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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