empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

19.03.202114:31 Forex Analysis & Reviews: Bitcoin New Breakout Attempt!

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 Bulls In Control!

Exchange Rates 19.03.2021 analysis

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.

Trading Tips & Forecast!

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.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.