Bitcoin Weekly Analysis, Technical Reading of Bitcoin Movement and Expected Targets
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Bitcoin Weekly Analysis, Technical Reading of Bitcoin Movement and Expected Targets
On the last day of 2020, which was a special year for the crypto market led by Bitcoin, the price of Bitcoin broke all previous records and reached a new record at $29,300 yesterday on the platform Binance.
Below is a technical reading of the Bitcoin movement and the expected targets according to Analyst Ahmed:
The current rally of Bitcoin could extend its rally to the level of 30 to 32 thousand dollars.
It may correct then or it may correct from its current level, and it could take us to the targets specified in the chart below at the level of $21700, then $18-17 thousand.
Read:Twitter adds Ethereum to its new “tip jar” service
In the event that the level of 32 thousand dollars is breached, the expected targets will be 40 – 43 – 49 thousand dollars, as the image below shows.
With the expectation and nomination of the first option (correction option).
It is worth noting that Bitcoin passed a price gap in the Bitcoin futures contracts on the CME exchange, which is the largest gap, and it has not returned to fill it until the hour, and the gap started from 23,660 dollars to 27,250 dollars:
Bitcoin Price Facing Biggest Gap In Futures (CME)… What Does That Mean?
To follow the analyst Ahmed:
- on Twitter from Link.
- And on telegram from Link.
Read also:
The growth of retail investor interest in Bitcoin… Has interest reached its previous peak recorded in 2017?
Read:Italian banks prepare to test the digital euro
Coinbase announces suspension of XRP trading starting next month
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time