BITCOIN ANALYSIS

Sorry for not giving any update due to busy last few days.

Bitcoin hit a low of 56,500. And now Bitcoin is trading at 63,600. At this time, the Bitcoin channel has broken out. If Bitcoin does not break below 62,500, we will see Bitcoin move towards $72,000.

Bitcoin is trading in a bull flag channel. If the bull flag channel breaks out, then the next target for Bitcoin is between $85,000 and $95,000.

FOR NEW ENTRY

Wait for weekly closing. If Bitcoin does not fall below 62,500 then you can take entry. If this uptrend fakes out, we can go back to the new low of $55,000.

This is an analysis. Bitcoin doesn't necessarily follow suit. So do your research and manage your risk well.