BTCUSDT 1D | Bitcoin market overview: Still in uptrend
Hello, dear subscribers!
In the last review we looked at the bull attack to the level of $12,000 as the most possible movement scenario in the bitcoin market. That's what happened.
At the moment the price of bitcoin is 12,250. The bulls managed to gain a solid position above $12,000. The current support levels are $10,900 - $11,200 and $10,000 - $10,500. The uptrend that started in the middle of July is still in the active phase. A correction to $11,200 or $10,500 will lead to a more active buying position than to the beginning of a bearish trend.
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In the last review we looked at the bull attack to the level of $12,000 as the most possible movement scenario in the bitcoin market. That's what happened.
At the moment the price of bitcoin is 12,250. The bulls managed to gain a solid position above $12,000. The current support levels are $10,900 - $11,200 and $10,000 - $10,500. The uptrend that started in the middle of July is still in the active phase. A correction to $11,200 or $10,500 will lead to a more active buying position than to the beginning of a bearish trend.
Subscribe to the channel and stay with us!
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