Bitcoin Price Weekly Analysis – BTC/USD

in bitcoin •  7 years ago  (edited)

(

with support at $2300 forming on the 4-hours chart of BTC/USD. It may play a major role in the near term for the next move, which could be mostly below $2300. On the upside, the triangle resistance trend line at $2470 is a key barrier. It also coincides with the 100 simple moving average (H4) at $2475. Since the price is already below the 61.8% Fib retracement level of the last wave from the $2204 low to $2557 high, it could retest $224.

was mostly a tough week for Bitcoin price below the $2500 level against the US Dollar. The price attempted recoveries on a couple of occasions above the $2400 and $2500 levels, but failed. There was a downside move initiated below $2500 and the price followed a bearish pattern. It has already moved below the 50% Fib retracement level of the last wave from the $2204 low to $2557 high

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I really appreciate creative posts and look forward to seeing more of your content in the future! I just followed you, and I hope you'll do the same so we can connect and continue to evolve and learn from each other! Remember, be yourself, because nobody does it better -- Full #Steem ahead :)

Follow me @fireangel
Much ❤!!!

Followed
Plzzz back

Done I also follow you please follow me back

Hey! Thanks for the info! What do you think about the next Segwit? Do you think it will happen?

Thank for the info 👍