Bitcoin is recognized as the worlds’ first digital currency with a volatile price. We can expect a rise in BTC volume and look for a bull market. So, a long position can be luckier.
The support rests at 35460.73 with resistance at 36335.53 which the price is above the Pivot Point at 35989.37 located between the lines. The EMA of 10 is showing a slight bullish bias and it is below EMA of 100 and the EMA of 200. Both EMA of 100 and 200 are moving in a downtrend. The RSI is moving above the level of 50, the MACD histogram is in positive territory and the Stochastic is moving in high ranges with a crossover showing a sell opportunity. The ADX is not showing a clear signal. The price is above the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen and the Kijun-sen are both showing a horizontal momentum.

• There is resistance at 36335.53, followed by resistance at 36864.17 and 37738.97.
• There is support at 35460.73 Below, there is 35114.57 and 34239.77.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

btuanalysis