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Bitcoin Technical Analysis – Bitcoin RSS

Bitcoin Monday: Bears are in control, 11th April, 2022 Bears are in control and the largest crypto fell almost by 10% within a week.Over the weekend BTC was trading fairly range bound, albeit with low volumes. The asset has seen profit booking from higher levels. BTC dominance is at 41.25% and market capitalization stands at […] The post Bitcoin Technical Analysis appeared first on ZebPay | Buy Bitcoin & Crypto.

Bitcoin Monday: Bears are in control, 11th April, 2022

Bears are in control and the largest crypto fell almost by 10% within a week.
Over the weekend BTC was trading fairly range bound, albeit with low volumes. The asset has seen profit booking from higher levels. BTC dominance is at 41.25% and market capitalization stands at $798bn. 

At the time of writing BTC was trading at $42,100.

BITCOIN, after breaking the long held resistance of $45,500, the bulls failed to manage the grip on the asset and were not able to beat the psychological level of $50k. The prices witnessed profit booking at the higher levels and it dropped to $41,800. BTC has a very strong support zone from $40,000 to $39,500 and we expect to see a bounce from these levels, whereas $45,000 and $48,300 will act as strong resistance.

Key Levels:

Support 2 Support 1 Asset Resistance 1 Resistance 2
$35,500 $39,500 BTC $45,000 $52,500

Disclaimer: This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions rdor conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading & Investments in cryptocurre ncies viz. Bitcoin, Bitcoin Cash, Ethereum etc.are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.

The post Bitcoin Technical Analysis appeared first on ZebPay | Buy Bitcoin & Crypto.




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