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Bitcoin (BTC/USD) is trading at 58,609 trying to stay higher after a temporary decline. The price is bullish and it could resume its major uptrend as the downside seems limited after BTC/USD failed to register a new lower low.
BTC/USD stays higher signaling that it could pass above 61,788 all-time high. Technically, the cryptocurrency printed a minor continuation pattern. An upside breakout from this formation could signal further growth towards fresh new highs.
BTC/USD is located within an up channel, so the bias remains bullish as long as the price is traded above the uptrend line. The price has managed to get back above the Pivot Point (56,703) and now is pressuring the minor descending pitchfork's upper median line (uml).
It has developed a minor triangle after failing to drop below 53,221 former low and to approach the uptrend line. Breaking above the upper median line (uml) and through the triangle's resistance, making a new higher high, represents a long opportunity.
Buy a bullish closure above 60,100 former high with a potential upside target at R1 (64,057) static resistance. The major upside target remains at the channel's upside line.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
