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icryptomethod
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#BTC (daily timeframe). 🔥 After Bitcoin tested the dynamic support level in the form of an exponential moving average EMA 21 D, buyers went on the offensive again. The asset rushed to the upper boundary of the Triangle, which finally managed to break through. It is noteworthy that the POC mark shifted from the level of $67,000 to $67,600, i.e. active accumulation and trading began at higher levels. This may be due to the fact that traders and investors consider the new level to be a fair price. Now, on a local pullback, this zone can act as support for the price movement. The RSI line is located above the 50 mark and is preparing to overcome the average moving MA of 20, which signals the continuation of the local growth of Bitcoin. The nearest resistance level is located near the middle of the ascending channel — $70,100. Accordingly, sellers' pressure may increase from this area with the price returning to a new POC level ($67,600). We still admit the possibility of testing the 0.382 Fibonacci retracement level ($66,200) on a rollback before rising to a historical maximum. This will depend on the reaction of buyers to the trading level of $67,600. #ETH. The asset headed for a second assault on the local resistance in the area of $3,840. At the time of writing the review, Ethereum is gathering strength under this mark. In case of its breakdown, the instrument will move to the next resistance of $3,935. The capitalization of the cryptocurrency market has increased by 1.4% over the past 24 hours, and the dominance of Bitcoin has increased by 0.25%. According to Luk Capital analysts, over the past 7 days, more than 71 thousand #BTC have been withdrawn from centralized exchanges. This reflects the bullish sentiment of investors and increases the likelihood of a continuation of the local uptrend.
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Bitcoin price action is a little bit choppy, but expecting a liquidity sweep above the previous swing high (see picture above) and then a crash!
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📰 Trending News in Crypto🔥 Bitcoin Bull Nayib Bukele is President of El Salvador Again: Here’s How Much BTC His Country Owns 15 hours ago via en.bitcoinsistemi.com➡ Ripple Transfers 3 Billion XRP Tokens, Raising Market Stability Concerns 17 hours ago via beincrypto.com➡ $1 XRP Price Nigh as Ripple’s Move To Become Stablecoin Giant Proves Weighty with Whales Moving Millions 17 hours ago via zycrypto.com➡ Velocore DEX Hacked: $10 Million Lost 17 hours ago via coinpaprika.com➡ Babylon Leads Crypto Funding with $70M Investment 18 hours ago via coinpaprika.com➡
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