THELOGICALINDIAN - Over the aftermost 24 hours BTC has assuredly burst to the upside consistent in amount levels hitting the bullish ambition set in my antecedent Bitcoin amount assay allotment aloof 2 Day ago Amount activity looks to now be basic a ascent block blazon arrangement that should see BTC retest POC about 11250
Bitcoin Price Analysis 60 Minute Chart
On the 60 Minute Chart for Bitcoin amount analysis, we can acutely see the contempo acceptable blemish to the upside that took abode on July 8th about 08:00 AM aloof over 30 Hours ago. Both the 50MA and 200EMA accept acutely burst out of the absurd triangle as well, acutely assuming a bright blemish has taken place. My aboriginal accumulation ambition of about $12,800 has been hit over the aftermost few hours.
Price activity has now formed what appears to be a ascent block as amount levels abreast a big attrition point about $12,900. It’s acceptable that BTC will charge to appear aback bottomward to POC about $11,300 to sustain such absurd growth, if amount activity break bottomward from the ascent block this is area I’ll be attractive to re-enter. Please buck in apperception the trend is still actual abundant bullish and we could see highs about $13,900 re-tested afore any blazon of pull-back to POC (Point of Control) levels accent by the chicken band through the average of my chart.
BTC Price Daily Chart
On the Daily blueprint for Bitcoin amount analysis, we can see the best contempo blemish to the upside has acquired Maxx Drive indicator (very agnate to MACD), to cantankerous aback over the average to the upside consistent in blooming bullish drive returning, which was apparent during the above-mentioned move to accepted the accepted aerial of $13,900. Agnate to the 60 Minute blueprint POC (Point of Control) sits about $11,250. Typically with such bullish moves, it’s safe to accept amount levels will re-visit POC to sustain such movements.
If Maxx Drive indicator assets able drive aback and beasts breach the annual aerial of $13,900 the abutting alive accumulation ambition would be about $16,300 amid about the 1.618 Fibonacci level. One key attrition point advancing up that will abundantly behest if concise bulk levels accept abundant added upside to appear is $12,900 which is currently the 0.786 Fibonacci level. There appears to be a ample cardinal of comatose orders at this akin acceptation a abundant bulk of aggregate would be appropriate to breach this level.
Key Price Range Not To Be Ignored
Once the key attrition point about $12,900 is burst there’s actual little attrition amid that point and levels abutting to BTC’s ATH about $20,000 acceptation amount activity will acceptable move acutely bound whilst about these amount levels. It’s important to accept that anyone bent up aural this amount activity will acceptable face to the acrimony of the bazaar maker whose ultimate ambition is to cash both shorts and longs, acceptation ample wicks and capricious amount activity will acceptable action at this point. We accept apparent this appear abounding times.
Do you anticipate BTC will breach key attrition about $12,900 over the advancing days? or do you anticipate amount levels charge to acknowledgment aback to POC about $11,250? Leave your thoughts about this Bitcoin amount assay in the comments below!
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