Technical Analysis Reveals the Possibility of Bitcoin Hitting $18000

Share this blog on :

Bitcoin Chart Analysis: Max Red Candles:-

CryptoPatel Analysis

The $BTC chart has been seeing a lot of red candles recently, indicating a strong downward trend. As per the chart, the strong support has broken down, and Bitcoin is now trading at $21700. The support that was once strong has now become a strong resistance level, so traders need to be cautious and activate short positions.

If you are already in a short position, you might be in good profit, but it is essential not to forget to place a stop loss. As per the chart, the current stop loss should be above the white next line resistance.

Based on the current chart analysis, I am expecting Bitcoin to test the $18500 level again. If this happens, it is recommended to grab some BTC.

The support and resistance levels are as follows:

Support: $18700

Resistance: $22400

Please like and share this analysis if you find it helpful.

For the latest real-time updates on cryptocurrency, make sure to follow me.

Thank you.

#BNB/USDT Technical Analysis:-

#bitcoin #BTCUSDT #BTCUSDTAnalysis #TechnicalAnalysis #buildtogether 

Leave a Comment

Your email address will not be published. Required fields are marked *