Bitcoin is in a rising trend channel in the medium long term. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 40000 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically positive for the medium long term.
Disclaimer! All sharing is for learning and educational purposes only and is not a financial advice. Everyone is responsible for his own decisions. However, risk management should be your top priority, as trading is a risky business.
#BTCUSD #ForexTrading #technicalanalysis #BTCUSDAnalysis #livetrading
Disclaimer! All sharing is for learning and educational purposes only and is not a financial advice. Everyone is responsible for his own decisions. However, risk management should be your top priority, as trading is a risky business.
#BTCUSD #ForexTrading #technicalanalysis #BTCUSDAnalysis #livetrading
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