IS Bitcoin moving to new highs? ๐โ
Bitcoin is globally in an uptrend, you can see this in the way the price is making higher lows and highs. On the technical analysis side, this is very important. If the price makes a series of lower highs and lows in the daily timeframe, it will indicate a change from an uptrend to a downtrend. Hopefully this will not happen.
Locally, bitcoin is in a downtrend and we can see that from the way the price forms lower highs and lows.
Bitcoin is now trying to form higher lows and highs, if it succeeds, that would be a positive signal from technical analysis.
We should pay attention to the key level, the price has been near it for several days, this is a good signal for a breakout, in case breakout, the price might hit 57K, which is now acting as resistance level.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. ๐
Locally, bitcoin is in a downtrend and we can see that from the way the price forms lower highs and lows.
Bitcoin is now trying to form higher lows and highs, if it succeeds, that would be a positive signal from technical analysis.
We should pay attention to the key level, the price has been near it for several days, this is a good signal for a breakout, in case breakout, the price might hit 57K, which is now acting as resistance level.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. ๐
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