We have already discussed in previous articles on Arab bitcoin site For weekly and monthly analyzes of the Bitcoin currency, and today with the weekly closing and the approaching monthly closing date, the analyst “Ahmed” presents his technical vision of the Bitcoin behavior and the most important upcoming supports and resistances for the currency.

The price of Bitcoin at the time of writing this article reached the level of 13,000 dollars and closed weekly above it, which is considered positive for Bitcoin, waiting for the monthly closing to complete the positivity further.

It is worth noting that Bitcoin broke through the $12,200 and $12,500 resistances, which have not been breached since the 2017 wave, which is almost two years and nine months old.

Read:Crypto acquires 80 per cent of the shares of a football club!

According to the technical analysis indicated in the image below and provided by the analyst “Ahmed”, the bitcoin, and by staying above the $11,500 level, is targeting the $14,000, 16,000 and the record level of 20,000 that was previously recorded by bitcoin at the end of 2017.

In the event that Bitcoin drops below $11,500, it is expected to see the levels of $9,500 and $9,200.

To follow an explanation of the weekly and monthly analysis of the Bitcoin currency and the upcoming resistance (BTC/USD), this can be done through the video presented on “Ahmed” channel at The YouTube:

To follow the analyst “Ahmed”:

• on Twitter from Link.
• on telegram from Link.
• on youtube from Link.

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