Good evening. Today we will do technical analysis on bitcoin and look at the important signs to hold to see a better pattern on the market
Table of Contents
At the time of writing the article the price of Bitcoin is at $ 20766, It has made a strong move upwards which tentatively if it holds until the end of the month above 20.100 it will be a confirmation that we can recheck the resistance levels at $23.000, If not and we close below $20.000, a bearish retest will be created in the time frame of the month.
Candles of the week
Also in the weekly candles they have made a strong move, all I would like as a chart is within 1 day and 12 hours when the weekly candle closes is to hold above $20000, because if it dips below $20.000 a bearish is confirmed retest with a big red wick which would be very bad for the market