BTCUSD long
At the moment the bitcoin has been consolidating for a month or so, just like in the past when it consolidate from may to july 2021.. At that time the lowest price it dropped was around 28.5k and now the lowest price was around 33k a difference of 5k. It shows that the marketcap kept at higher rate than the previous year. Now at the moment the price is picking up with high impulse as the pervious cycle.
The main breaking point are resistance level 45k, if it breaks the next resistance is 51k breaking that would reach at 70k making double top and eventually we could see all time high price..
Indicator Macd and stoch showing end of bearish divergence, and now we seeing starting of bullish divergence
moving average 14 is testing 70 or if it crosses then most likely it'll test the next resistance.
based on the analysis its good time to invest.... the rest of decision is in your hand so good luck everyone and thank you for taking the time to view my analysis
cheers
good day..
The main breaking point are resistance level 45k, if it breaks the next resistance is 51k breaking that would reach at 70k making double top and eventually we could see all time high price..
Indicator Macd and stoch showing end of bearish divergence, and now we seeing starting of bullish divergence
moving average 14 is testing 70 or if it crosses then most likely it'll test the next resistance.
based on the analysis its good time to invest.... the rest of decision is in your hand so good luck everyone and thank you for taking the time to view my analysis
cheers
good day..
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