Bitcoin Still Trading Within Range Bullish Push To $45,000 Inevitable 11.06.21

technical analysis bitcoin

Bitcoin is still trading within the lower range between its major support and resistance levels between $30,000 and $40,000. This range is marked by the thick blue lines on the chart. As mentioned in earlier analysis, this looks like an accumulation range. It is that price area where many institutions entered the market, being somewhat … Read more

Bitcoin Price Analysis, Taproot Update, Death Cross, Elon Musk – 14.06.2021

bitcoin price analysis daily chart

On Sunday, the 13th of June 2021 Bitcoin has increased about 10% in price in relation to the US dollar, touching $40,000. The Taproot update was locked in by miners which sends a very positive signal that the network will be upgraded to add privacy features and smart contracts. This is most likely the main … Read more