BTCUSDT 2021/10/12
The Bitcoin cryptocurrency saw the highest price at 57840 yesterday. The price it saw 5 month ago And this shows that bitcoin has reached significant resistance levels, which it cannot cross without reaction.
We have considered another uptrend channel for Bitcoin, and this time it has created a trend line that, if it fails, the bitcoin trend will be reversed. Because there are different supports in the area of 56000 to 56300. Both dynamic, static and EMA support.
During this period, according to the movement forecast according to the chart, Bitcoin continued to move up. The last candlestick shows the hammer pattern on the support area. If the candlestick closes in this way, it is likely that Bitcoin will once again be able to move upwards to test the resistance of $ 58,000. But if this support is broken, the first price Bitcoin will see will be in the range of $ 55,000 to $ 45,500.
We have considered another uptrend channel for Bitcoin, and this time it has created a trend line that, if it fails, the bitcoin trend will be reversed. Because there are different supports in the area of 56000 to 56300. Both dynamic, static and EMA support.
During this period, according to the movement forecast according to the chart, Bitcoin continued to move up. The last candlestick shows the hammer pattern on the support area. If the candlestick closes in this way, it is likely that Bitcoin will once again be able to move upwards to test the resistance of $ 58,000. But if this support is broken, the first price Bitcoin will see will be in the range of $ 55,000 to $ 45,500.
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