Are You Excited To Know Today’s Bitcoin Technical Analysis?

Are You Excited To Know Today's Bitcoin Technical Analysis

Bitcoin prices suffered yet another dip in the prices on November 30, 04:00 UTC and the prices fell from $4,200 range to $3,800 range, which is a decline of almost 10% in a day. However, the prices are trying to recover since then.

Current price: $3974

Market Cap: $69.16 billion

Trade Volume: $6.00 billion

Bitcoin Price Analysis For 1 Day Trading

Bitcoin technical Analysis

  • Uptrend

The uptrend for Bitcoin seems unavailable with the markets dipping down. The prices have recovered from the yesterday’s dip, but they still have recovered enough for an uptrend.

  • Downtrend

The downtrend for Bitcoin in the one-day timeframe for Bitcoin ranges from $9799 to $4245.

  • Support

The support in the longer time frame, i.e., the one-day time frame can be seen at $3731.

  • Resistance

Resistance points can be seen at $9799, $7360 to $6750. The rest of the chart massive dips and short recoveries.

Indicators You Should Consider

  • Bollinger Band

The Bollinger Bands experienced a short squeeze and have since been on an…

Read Full Story : Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide

2018-12-01 06:18:41

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