Trading analysis on Bitcoin, giving you a clear view on how to go about trading this digital coin.
Here is what’s going on:
- Volatility rise.
- $3748 support zone; the price has quickly bounced off this level.
- $4410 resistance zone; it does look strong, since there’s been clear retest.
The price continues its steadily climb, there’s been no signals for reversal. A break above $4410 resistance level would signal a greater move above with some retracement/correction mid-way.
- For short term speculators the best recommendation for now is watch for break of Resistance levels and trendlines of the market to have a good opportunity for a Buy trade.
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