Shahriyar
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Shahriyar
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Bitcoin is breaking out of the falling wedge pattern. Wait for the candle to close above the trendline for confirmation. This breakout is bullish for BTC and we may see some upward movement next week.
Bitcoin is trying to break the falling wedge pattern. Price is testing the resistance line. A break above the pattern will bring upward movement in BTC.
1INCH analysis:
The price has broken the uptrend channel in a downward direction and is currently retesting it. In order to see some positive movement, the price needs to break above the $0.25 level. If you're planning to open a long position, make sure the price breaks and holds above the $0.25 level. The support levels are $0.235 and $0.2075.
The price has broken the uptrend channel in a downward direction and is currently retesting it. In order to see some positive movement, the price needs to break above the $0.25 level. If you're planning to open a long position, make sure the price breaks and holds above the $0.25 level. The support levels are $0.235 and $0.2075.
On the 4-hour chart, there appears to be a small falling wedge pattern. This pattern is considered bullish, indicating that Bitcoin may break out of it and move towards the $28,000 major resistance area. The support levels for BTC remain unchanged.
Long-term BTC investors are accumulating around 50,000 coins ($1.35 billion) per month.
The total number of BTC held by long-term holders has reached a new all-time high - 14,859 #BTC, accounting for 76% of the cryptocurrency's circulating supply.
The total number of BTC held by long-term holders has reached a new all-time high - 14,859 #BTC, accounting for 76% of the cryptocurrency's circulating supply.
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