Bitcoin Analysis
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Thread: Bitcoin Analysis

  1. #1
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    Bitcoin Analysis

    Bitcoin price trading with strong negativity yesterday to attack level 7800.00 and break it down and settle without it, thus completing the formation of a double summit model showing its features, which pushes the price to divert its instantaneous and short-term decline and visit areas up to 7100.00 in principle.

    Thus, the downward slope will be weighted for this day unless the price can penetrate the 7800.00 level and re-position it again.

    BTCUSDH4.png

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    Bitcoin retains its stability below the level of 7800.00, so that the negative effect of the double summit model remains effective, supported by the negative pressure of the moving average of 50, waiting for a downward reversal to resume the downward slope whose next target is at 7100.00.

    The range of trading expected today between support 7000.00 and resistance 8075.00.

    BTCUSDH4.jpg

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  3. #3
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    Bitcoin price of today's trades begins with a strong passivity to resume the downward trajectory, influenced by the double-top model that appears in the picture, approaching our main target at 7100.00.

    Thus, the downward trend will remain in the coming sessions, supported by the loss of Positive determination and its proximity to the acquisition saturation areas, with the indication that exceeding the stated target will pay the price to 6500.00 as the next major station, while the expected decrease will remain in place unless Penetration level 7800.00 and stability above it.

    The range of trading expected today between support 6500.00 and resistance 7800.00.

    BTCUSDH4.jpg

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  4. #4
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    [lang=ar]Hello my dear
    There is a lot of speculation on how far bitcoin will go this year. No one can say exactly where it can go and even its falls its not predictable but
    there is absolutely nothing that is not possible in the financial market[/lang]
    If you have money then think about it as investment

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  5. #5
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    Bitcoin price of negative trades was presented yesterday to resume the downward slope within the bearish channel that appears in the image, supported by the negative pressure of the 50 moving average, to keep the downward trend weighted during the upcoming sessions, recalling that our next target is at 6500.00.

    Be aware that the penetration level of 7050.00 may pay the price to test the 7800.00 areas before any new attempt to decline.

    The range of trading expected today between support 6500.00 and resistance 7300.00.

    BTCUSDH4.jpg

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    Mid-day Update for Bitcoin technical analysis

    Bitcoin is now trading remarkably positive to begin attempts to penetrate the down channel resistance, which warrants attention from the upcoming trades, as the persistency over 7050.00 will pay the price for further gains and test the 7800.00 level initially.

    In contrast, a moving average of 50 negative pressures may restore the price to resume the downward slope, leaving opportunities to regain the downward trend, to keep our expectations of downward trend on condition that the daily closure is stable without 7050.00, recalling that our next main objective is to have 6500.00.

    The range of trading expected today between support 6500.00 and resistance 7300.00.

    BTCUSDH4.jpg

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  7. #7
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    Bitcoin traded down sharply after the positive attempts of yesterday, now approaching our main target of 6500.00, noting that the return of the price to the Down channel is pushing the trades to achieve more negative targets, with the next stop reaching 6300.00.

    Thus, we will continue to weigh the downward trend during the upcoming sessions with the support of the indicator negative and moving average of 50, taking into account that penetration of the levels of 6900.00 and 7100.00 will stop the expected decline and pay the price to realize the gains in the instantaneous and short term.

    The range of trading expected today between support 6000.00 and resistance 6900.00.

    BTCUSDH4.jpg

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    Mid-day Update for Bitcoin technical analysis

    Bitcoin price has been in contact with our expected target at 6500.00 and most of the areas below 6400.00 this morning, which supports our continued downward trend in the effectiveness of the rest of the day, with the indication that our main goal next extends to 6250.00, and the price may show some temporary upward slope with a positive indicator effect before returning to decline again.

    In general, we will keep our expectations of the downward trend under the condition of stability below the levels of 6900.00 and 7100.00.

    The range of trading expected today between support 6000.00 and resistance 6900.00

    BTCUSDH4.jpg

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  9. #9
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    Bitcoin price continued its strong decline to reach our expected second target at 6250.00, and we note that the price is for the Down channel support that appears in the image, which could push the trades to provide some temporary upward tilt before resuming the decline again.

    Therefore, the overall downward trend will be weighted by the negative pressure of the 50 moving average, unless the level of 6700.00 has been compromised and maintained above it, with the indication that our next objective is to test the 6039.30 level, which represents a broken key to the loss of the basal price to 5500.00.

    The range of trading expected today between support 5700.00 and resistance 6700.00.

    BTCUSDH4.jpg

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  10. #10
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    Bitcoin price succeeded in surpassing our first target at 6039.30 with the beginning of today's trades, and attempts to return to the Downchannel appear in the picture, thus supporting the continuation of our expectations of the downward trend effectively during the coming sessions, opening the way to our next target, which is expected at 5500.00.

    Consequently, the downward slope will remain in control during the coming sessions unless the 6545.00 level is compromised and the stability above it is maintained.

    The range of trading expected today between support 5300.00 and resistance 6545.00.

    BTCUSDH4.jpg

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