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Friday, January 6, 2023

BitCoin Insight

BitCoin Insight

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Hey, traders. Thank you for the comments and boosts.
Today's chart is Bitcoin . Let's check it quickly.

We can see
1. the descending channel .
2. resistance on 17000.00 and 18300.00
3. support on 15600.00.

We should check
Friday - EU CPI , US Nonfarm Payrolls, US Unemployment Rate

We can expect
1. downward movement by resistance on 17000.00 and following the descending channel .
2. upward movement to 18300.00 by breaking the reistance on 17000.00.

Bitcoin had upward movement for few days and trying to break the descending channel .
But, it seems not easy to break the reistance on 17000.00.
I'm still expecting downward movement to 15600.00.
Let's see how it moves.

Thank you for reading and hope this insight was helpful.

Analyzed by Han.

Via TradingView Ideas

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