Technical analysis regarding the price of BITCOIN in relation of dollar for the next scenarios, based on 4h movement.
The price I have been walking effecting its downward corrections. The price found a strong support region at 29K697, touched and is already retracting.
Projecting the Chypher correction, we obtain the level of 1,188 that the price made. In such a way, the price is gaining momentum (high) and may increase the most considerable resistance that we have in 41K939 (the price breaking the EMA of 89 periods will make it more feasible for the price to continue to rise.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
The price I have been walking effecting its downward corrections. The price found a strong support region at 29K697, touched and is already retracting.
Projecting the Chypher correction, we obtain the level of 1,188 that the price made. In such a way, the price is gaining momentum (high) and may increase the most considerable resistance that we have in 41K939 (the price breaking the EMA of 89 periods will make it more feasible for the price to continue to rise.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
