Paul Jones6
commented on
This Morning
At the time of writing, Bitcoin was up by 0.14% to $48,968. A mixed start to the day saw Bitcoin fall to an early morning low $48,786 before rising to a high $48,985.
Bitcoin left the major support and resistance levels untested early on.
$Bitcoin (BTC.CC)$
Elsewhere, it was a bullish start to the day.
At the time of writing, Crypto.com Coin was up by 7.84% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $48,340 pivot to bring the first major resistance level at $50,081 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $49,520.
Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at the 23.6% FIB of $53,628 before any pullback. The second major resistance level sits at $51,260.
A fall through the $48,340 pivot would bring the first major support level at $47,161 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,420.
Part of the content is taken from Yahoo.
At the time of writing, Bitcoin was up by 0.14% to $48,968. A mixed start to the day saw Bitcoin fall to an early morning low $48,786 before rising to a high $48,985.
Bitcoin left the major support and resistance levels untested early on.
$Bitcoin (BTC.CC)$
Elsewhere, it was a bullish start to the day.
At the time of writing, Crypto.com Coin was up by 7.84% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $48,340 pivot to bring the first major resistance level at $50,081 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $49,520.
Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at the 23.6% FIB of $53,628 before any pullback. The second major resistance level sits at $51,260.
A fall through the $48,340 pivot would bring the first major support level at $47,161 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,420.
Part of the content is taken from Yahoo.
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Paul Jones6
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Who hasn't heard of Warren Buffett—one of the world's richest people, consistently ranking high on Forbes' list of billionaires? He is probably best known for being one of the world's most successful investors.
Do you want to be the next Warren Buffett, or Wall Street analyst?
Best to start where you are
Looking over analyst reports is the best way to start your own analysis. That way, you save a lot of time by cutting short preliminary work.
Furthermore, you can take a cl...
Do you want to be the next Warren Buffett, or Wall Street analyst?
Best to start where you are
Looking over analyst reports is the best way to start your own analysis. That way, you save a lot of time by cutting short preliminary work.
Furthermore, you can take a cl...
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