bitcointechnicalanalysis

#BitcoinTechnicalAnalysis
LONG-TERMSBitcoin has broken the floor of the rising trend channel in the long term, which indicates a weaker initial rising rate. The currency has broken up through resistance at points 74000. This predicts a further rise. In case of negative reactions, there will now be support at points 74000. Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the currency in the short term. The currency is overall assessed as technically positive for the long term.SHORT-TERMS;Bitcoin shows strong development within a rising trend channel in the short term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. 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 74200 points. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the currency. The currency is overall assessed as technically positive for the short termMEDIUM TERMS;Bitcoin has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The currency has given a positive signal from the double bottom formation by a break up through the resistance at 74267. Further rise to 83843 or more is signaled. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the currency has resistance at 86000 points. Positive volume balance strengthens the currency in the short term. The currency is overall assessed as technically negative for the medium long term.#CryptoPredictions #CryptoAnalysis📈📉🐋📅🚀