Technical analysis of bitcoin , Target 52280$
Technical analysis of bitcoin in daily timeframe:
Bitcoin started its price correction after reaching the peak of $ 69,000 and reached the price floor of $ 33,000 in 67 days! And that means a 53 percent correction.
But in the last 15 days, with a staggering 38% growth, it has reached the price of $ 45,000.
It can be said that the price reacted well to its 399-day long-term support box (price range between $ 29,000 and $ 31,000).
The interesting thing is that the price correction started with the intersection of the 7-day moving average weight line with the 50-day moving average weight line, and now, after 81 days, this intersection has occurred again.
In the above event, 3 days after the intersection of the above lines, the 20-day and 50-day moving average weight lines intersected.
At present, if this 20-day and 50-day moving average re-emerges within the next 24 hours, we can hope for a steady growth in bitcoin prices and targets of 48,000 and 52,000 and above.
#My personal opinion is growing up to $ 52,280.
Good luck and profitable.
Bitcoin started its price correction after reaching the peak of $ 69,000 and reached the price floor of $ 33,000 in 67 days! And that means a 53 percent correction.
But in the last 15 days, with a staggering 38% growth, it has reached the price of $ 45,000.
It can be said that the price reacted well to its 399-day long-term support box (price range between $ 29,000 and $ 31,000).
The interesting thing is that the price correction started with the intersection of the 7-day moving average weight line with the 50-day moving average weight line, and now, after 81 days, this intersection has occurred again.
In the above event, 3 days after the intersection of the above lines, the 20-day and 50-day moving average weight lines intersected.
At present, if this 20-day and 50-day moving average re-emerges within the next 24 hours, we can hope for a steady growth in bitcoin prices and targets of 48,000 and 52,000 and above.
#My personal opinion is growing up to $ 52,280.
Good luck and profitable.
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