Daily analysis(TA): BTC Record New ATH, Its A Symmetrical Triangle Formation!!

in hive-108451 •  4 years ago 

Daily analysis(TA): BTC Record New ATH, Its A Symmetrical Triangle Formation!!

IMG_20210221_082343_219.jpg

Bitcoin price broke his resistance levels 51500$-52300$-53000$-56600$ and record ATH in 57500$

The main support is forming near 55100$ level, any more losses might lead the price towards 54600$-53200$-52300$ important support levels.
The new resistance is the 57450$ level, if BTC submit this resistance level it will be able to scale into a next resistance level in 58700$

Hourly MACD – The MACD is in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now Above the 50 level.

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4 years ago by

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