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bitcoin

Bitcoin: The Bullish Trend continues to $64,000 Again

What's in this article

Bitcoin is rising slowly making EMA 100 local support making lower highs inside a triangle pattern.

Bitcoin
TradingView: Bitcoin Chart

Bitcoin: Technical

The first support here is the base of the triangle right above the fib 0.382 and the local resistance remains at fib 0.786 near the $62,000 range.

Bitcoin closed strongly Bullish and there are still volume spikes coming green. The pattern of making lower highs can possibly break anytime and it can break above to the next resistance level of $62,257, the price level of yesterday, and maybe fly even higher to the price level of $64,000 area – enough ranging. The support level below EMA 100 is at $57820.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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