As you can see on the graph, we put bullish fork pitch and bearish fork pitch. We're waiting for the cross as you can see we put arrow on the ellipse tools. A few hrs for now we will see what will happen on the bitcoin price.
If the bitcoin few hrs ago reach the above 7.4k must be reached the above 7.7k to have a stable price. This fight is between $7.7k and $7k with a resistance of $7.3 to $7.4. This price is a decision price and we will see few hrs from now to determine the flow of the BTC. Even if there's a good news or not. There's a biassed news between the online and offline scenario this week and nextweek.
Based on Coinmarketcap the BTC volume has added 2b marketcap from $132B to $134B.
Let me know your thoughts if what will happen if the price will fall or rise. The decision is yours by commenting below.
A friendly reminder: Always do your own research
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.