Bitcoin Find Daily Support – Technical Overlook

By /

This is the daily technical overview for Bitcoin. The daily chart for BTC/USD shows that BTC is ranging in a sideways trend. Currently, the price has found support at the daily trendline. Regardless of whether you are bullish or bearish, you need to monitor these levels.

For bulls, the upper trendline (resistance) is the first obstacle if bulls gain control over the market.

If the price breaks the support and closes below it in the next few days, we are likely to see the price move in the direction of our next support level.

You have probably noticed the triangle chart pattern. According to the rules of this pattern, once the price closes above or below the upper or lower line, it is more likely to continue in that direction.

Related Posts

As a single footstep will not make a path on the earth, so a single thought will not make a pathway in the mind. To make a deep physical path, we walk again and again. To make a deep mental path, we must think over and over the kind of thoughts we wish to dominate our lives.

Henry David Thoreau