Bitcoin, the largest crypto currency by market cap, started the last day of the week with a slight negative. The cryptocurrency is trading with a negative $ 39000 (-0.48%) as of 12.00 TSI.
What Is The Technical Outlook On The Bitcoin Chart?
In the 4-hour period, after balancing at the level of 37500, Bitcoin exceeded its final target of 40 thousand dollars and targeted 42 thousand, but it returned to 38 thousand levels by not being able to afford it. (4h) 20 EMA with 37500 horizontal support positions and 36 in one horizontal minor support.
It welcomes us at the 600 level.On the Bitcoin side, the closing of 40 thousand six has a double peak possibility to be 38.000 stops again
The market may give a bottom sell opportunity.
Candles don't seem to say good things. This round trip may not be easy, the journey may take a little further down. I don't know if BTC is technically confused, but if there is no good news, BTC will bring a lot of dust in the short term.
NOT AN INVESTMENT ADVICE!
This article is strictly my own opinion and not investment advice. Please do not invest by reading this.
