THELOGICALINDIAN - Key Points
Bitcoin amount rocketed aloft $2024 adjoin the US Dollar, and now it looks like there can be connected assets in BTC/USD appear $2100-2200.
Bitcoin Price Crucial Supports
In the aftermost account analysis, I mentioned that Bitcoin amount may anon arch appear $2000 adjoin the US Dollar. It did move higher, bankrupt the $1900 attrition and alike austere $2000. A new best aerial was formed at $2072 recently, and the amount looks set for added gains. The best important point is the actuality that the amount is able-bodied positioned aloft $2000.
The two bullish trend curve accent in the aftermost account assay are still alive at $1850 and $1700. There is one added formed with abutment at $2024 on the 4-hours blueprint of BTC/USD. So, if the brace corrects lower, there are abounding supports cat-and-mouse on the downside about $2024. Moreover, the 23.6% Fib retracement akin of the aftermost beachcomber from the $1717 low to $2072 aerial is at $2024. So, we can attestant a nice acknowledgment about $2024 if the amount dips from the accepted levels.
The all-embracing trend is bullish with affairs of a breach aloft $2072 for a move aloft $2100. The amount may alike ambition $2150 and $2200 during the advancing sessions. On the downside, we can accumulate an eye on $2000 and $1850 as acute supports.
Looking at the abstruse indicators:
4-hours MACD – The MACD is currently cool bullish, calling for added gains.
4-hours RSI (Relative Strength Index) – The RSI is branch college in the overbought levels.
Major Support Level – $2024
Major Resistance Level – $2100
Charts address – SimpleFX
