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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJune 6, 2021 - 11:13
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 30000.00, resumption of uptrend is expected.
  • We make sure when the resistance at 47000.00 breaks.
  • If the support at 30000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 39437.55 on 06/03/2021, so more losses to support(s) 33726.75 and minimum to Major Support (30000.00) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 39.

Supports and Resistances:

  1. 75000.00
  2. 70000.00
  3. 65000.00
  4. 58252.85
  5. 55590.20
  6. 19704.20
  7. 17095.65
  8. 5700.00
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin (BTCUSD) new Sun, 14 Apr 2024
Bitcoin (BTCUSD) free Fri, 5 Apr 2024
Bitcoin (BTCUSD) Sun, 31 Mar 2024
Bitcoin (BTCUSD) Sun, 24 Mar 2024
Bitcoin (BTCUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BTCUSD.