empty
 
 
19.03.2021 09:30 PM
Bitcoin remains above support inside short-term bullish channel

BTC/USD is still trading above $56,000 and is making higher highs and higher lows inside an upward sloping channel. As long as price is inside the channel and above $56,000 bulls remain in control of the short-term trend and we expect a new all time high towards $63,000-$65,000.

This image is no longer relevant

Green lines - bullish channel

Bitcoin is moving higher the last 4 days. Every pull back is followed by buying interest something that can be seen by the long tails of the last 3 out of 4 daily candles. Short-term view remains bullish and even during this weekend we might see a new all time high. Bulls do not want to see price break out of the green upward sloping channel. This would be a sign of weakness and more sellers could step in and push prices lower.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback