Bitcoin support levels - 20,500 and 20,000
Bitcoin resistance - 21,000 and 22,000
market depends upon Bitcoin movement so trade carefully and do risk management always.
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Analysis - Bitcoin was rejected at its resistance level of 21,000 dollars, which is also the 100 EMA level on the daily timeframe. As a result, we need to watch where Bitcoin closes on the daily chart. If Bitcoin manages to break the 100 EMA and close above on the daily timeframe, this would increase the likelihood that Bitcoin will move higher, whereas if it fails, Bitcoin may experience a pullback. Adapt your risk management strategy.
Bitcoin resistance - 21,000 and 22,000
market depends upon Bitcoin movement so trade carefully and do risk management always.
———————————————————————
Analysis - Bitcoin was rejected at its resistance level of 21,000 dollars, which is also the 100 EMA level on the daily timeframe. As a result, we need to watch where Bitcoin closes on the daily chart. If Bitcoin manages to break the 100 EMA and close above on the daily timeframe, this would increase the likelihood that Bitcoin will move higher, whereas if it fails, Bitcoin may experience a pullback. Adapt your risk management strategy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.