ExduS021

Bitcoin price analysis

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BITSTAMP:BTCUSD   Bitcoin

According to Bitcoin chart data on daily time frame
Bitcoin is in the support zone (red zone).

My personal analysis:

According to the following analysis, which is related to the total market and dominance of Bitcoin


As indicated in the chart (blue circles), the price has broken its two hundred day average and entered the upward phase, and then the pullback has hit the two hundred day average again.

According to the price performance in the Bitcoin chart and the Total Market and Dominance Bitcoin analyses, I expect the price to grow up to the specified areas (purple areas).

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