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Trading BTC/USD : Bitcoin
Closing above the Pivot Point ($55,205) could assure that BTC/USD will move higher towards cooling new highs.
The bulls must break through $56 k in order to resume the up trend.
Note :
As we know that :
For that one Ethereum is only worth 0.03057245 Bitcoin (March 28, 2021).
BTC/USD is at an all-time high against the dollar around the spot of $ 55 k - $56 k.
BTC/USD is inside in upward channel. Closing above the major support ($ 55,205) could assure that BTC/USD will move higher towards cooling new highs.
BTC/USD is continuing rising by market cap at a range between $1000 and $2500.
BTC/USD is trading at $ 55,900 after it reached $56,356 earlier. BTC/USD has been set above the strong support at the price of $ $55,205, which coincides with the 50% Fibonacci retracement level.
This support has been rejected three times confirming the veracity of an uptrend. The market is likely to show signs of a bullish trend around the spot of $55,205.
Buy orders are recommended above the area of $ $55,205 with the first target at the price of $ 56,356; and continue towards $57,000 in order to test the last bullish wave.
On the other hand , if the BTC/USD fails to break through the resistance price of $ 57,937 today, the market will decline further to $ 55,205 (return to pivot).
*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।
