Technical analysis of Bitcoin - viewed in the D1 chart
The BITCOIN (BTCUSD) defended the USD 30,000 mark with flying colors over the past few weeks. Accordingly, setbacks to this brand could always be seen as a buying opportunity. In the context of earlier ricochets, there appears to be a short-term possibility of rising prices again in the direction of USD 35,000 / 36,000. Above USD 36,000 there is even further potential up to the resistance area around USD 40,000. If the outbreak succeeds in the further course, further potential of around USD 51,000 should be able to develop in the medium term.
If, on the other hand, the support level of USD 30,000 is given up, a clear sell signal would appear. This allows correction potential of around USD 10,000, so that losses of up to USD 20,000 or USD 19,500 would have to be expected.
Notice:
Despite careful analysis, Global Investa accepts no liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
The BITCOIN (BTCUSD) defended the USD 30,000 mark with flying colors over the past few weeks. Accordingly, setbacks to this brand could always be seen as a buying opportunity. In the context of earlier ricochets, there appears to be a short-term possibility of rising prices again in the direction of USD 35,000 / 36,000. Above USD 36,000 there is even further potential up to the resistance area around USD 40,000. If the outbreak succeeds in the further course, further potential of around USD 51,000 should be able to develop in the medium term.
If, on the other hand, the support level of USD 30,000 is given up, a clear sell signal would appear. This allows correction potential of around USD 10,000, so that losses of up to USD 20,000 or USD 19,500 would have to be expected.
Notice:
Despite careful analysis, Global Investa accepts no liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.